Global hedge fund assets increased by more than 11% in 2010 to
reach $2.022 trillion by yearend, up from $1.820 trillion a
year earlier, according to
HedgeFund Intelligence. The latest gains
bring industry assets back to their 2006 level, but below the
peak of $2.6 trillion achieved in 2007.
The survey measured the assets managed by traditional,
single-manager hedge funds, including funds in the Global
Billion Dollar Club-which measures the assets of firms managing
$1 billion or more in assets-and smaller hedge funds tracked by
HedgeFund Intelligence, which manages the EuroHedge, AsiaHedge
and AR (Americas.funds) databases,
among others. (When counting
UCITS funds, the global total rose to $2.099 trillion, an
increase of 13%.)
The world's largest hedge funds continue to manage the majority
of the industry's capital. Collectively, the Global Billion
Dollar Club now manages more than $1.7 trillion-or more than
84% of total industry assets, up from 82% at yearend 2009.
As in previous years, the majority of industry assets are still
managed in the United States, where there are now 220 firms
that manage hedge fund assets of $1 billion or more (see who's who in AR's recently released Billion Dollar
Club here). New York is still the
industry center, housing 128 of those firms, far ahead of
second place London, which hosts 63 billion dollar-plus firms.
The biggest change came in Asia, where the number of billion
dollar plus firms based in Hong Kong rose from 6 to 11.
Absolute return UCITS assets increase by 198%
Recovery gathers pace as European hedge fund assets rise 11% in
AR Billion Dollar Club: The largest 225 American hedge fund
firms reach $1.297 trillion
here and below:
Global Hedge Fund Assets Up and Above $2 Trillion