Having passed the landmark level of $2 trillion only last
January, assets under management in global hedge funds have
already soared to almost $2.5 trillion, according to our latest
analysis of the HedgeFund Intelligence database and our
associated midyear surveys.
When we last conducted this exercise on the numbers for 1
January 2007, we calculated that industry assets then amounted
to $2.079 trillion counting only single-manager hedge
fund groups and not double-counting with funds of funds. Using
the same methodology for the numbers on 1 July 2007, we
calculate that assets have jumped more than $400 billion to
$2.481 trillion. Given the widely reported performance problems
for many funds over the summer months, it is certainly
questionable whether anything like such a robust rate of growth
will be sustained over the second half of the year.
Our statistics reveal an amazing growth rate of more