The clawback to industry peak continues

Wed Apr 20, 2011



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Michelle Celarier, editor, AR: Absolute Return + Alpha

Michelle Celarier
Although the US hedge fund industry endured tough setbacks in 2010 - including some high-profile shutdowns and a government insider trading investigation that ensnared several firms - it is finally clawing its way back to its peak.

Some 225 hedge fund firms with $1 billion or more in assets managed a combined total of $1.297 trillion as of 1 January, 2011, according to AR's biannual Billion Dollar Club survey, which tracks hedge funds in the Americas (including Canada and Latin America) managing $1 billion or more in assets. That constitutes about 10% more capital than these funds managed a year ago, when 213 $1 billion-plus firms held a combined total of $1.182 trillion, and a 20% increase from the industry trough of $1.084 billion managed by 205 firms in July 2009....

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