|Metrics 2.0» Financial Markets» Hedge Funds:|
|Hedge funds returned 13% globally in 2006, compared with a 15.8% increase (including dividends) by the S&P 500 Index, according to to Hedge Fund Research report today. It was the biggest gain for hedge funds since the 19.6% gain in 2003.|
|U.S. institutional investment in hedge funds||$60 Billion||$300 Billion||$1 Trillion|
The biggest U.S. hedge funds are closing in on the $1 trillion mark, with their combined assets under management hitting $984 billion on July 1, according to the latest semi-annual survey (pdf) published by Absolute Return magazine, a unit of HedgeFund Intelligence.
Combined assets of firms with over $1 billion reach $984B
218 US hedge fund firms have over $1 billion under management
Top 20 firms control a third of the assets
65 firms manage $5 billion or more
Assets of the 218 hedge fund companies with more than $1 billion under management, known as the Absolute Return Billion Dollar Club, gained on average 15% since the beginning of the year, despite a rocky performance for many hedge funds in May and June.
Assets under management of Asia Pacific
invested or located hedge funds almost doubled from about $60 billion to nearly $115 billion
in 2005, according to AsiaHedge of HedgeFund