Damian Alexander, data and research manager, HedgeFund Intelligence
Assets in global hedge funds fell and then rebounded during 2009 to end the year at just over $1.82 trillion - roughly the same level as the previous year - according to the latest research compiled by HedgeFund Intelligence.
When we last conducted this exercise to measure the aggregate assets for the end of June 2009, we calculated that industry assets were at a total of $1.722 trillion. That was a fall of 5.7% from the previous year-end figure of $1.826 trillion, highlighting that strong performance during the first half of last year could not offset continuing net outflows from redeeming investors. Then, as now, we used the same methodology - counting only single-manager hedge fund assets from our database and surveys and not double-counting with funds of funds.
Hedge funds had a mean average return of 9% during the six...