Hedge Funds

Assets could quadruple by end of decade, says Cerulli

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A new report argues that despite concerns about lackluster returns, recent instances of hedge fund fraud and the possibility of a "bubble," the hedge fund industry should thrive in coming years, seeing its coffers grow by as much as four-fold.

Cerulli Associates, the Boston financial services consulting firm, based its report on a series of recent surveys with hedge fund operators, traditional money managers, funds of funds and investment advisors.

Pointing out that hedge funds invest across many sectors, Cerulli argues that hedge fund growth does not represent a bubble.

And growth should continue, the firm says, considering that