Hedge funds across the globe are now managing collective
assets of almost $2.65 trillion, according to an analysis of
the databases and latest surveys of the industry conducted
around the world by HedgeFund Intelligence. The total is up
sharply from a global figure that first breached $1.5 trillion
about two years ago, and which stood at $2.079 trillion at the
beginning of 2007.
However, while the growth of industry assets was a robust
27% for the year as a whole, this disguises what was a marked
slowdown in the pace of growth during the second half of the
year. Assets had already grown to $2.482 trillion by the
mid-year point of 2007 as the credit crunch
was just about to hit the markets. Our latest figure of $2.646
trillion for January 2008 shows that the industry did manage to
keep growing during the second half, but...