Performance

Overview: Global assets stall at $2.7 trillion

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The growth of assets in hedge funds stalled during the first half of 2008, with the global total edging up only narrowly to a bit less than $2.7 trillion, according to the latest analysis of the HedgeFund Intelligence database and our associated midyear surveys.

We should stress that these calculations are based on asset numbers before the market turmoil of July and August, and before the new and more dangerous phase of the global credit crisis began to clobber markets in September. Through negative performance alone, even before taking account of likely redemptions, we would expect industry assets