Big hedge funds tighten grip amid consolidation
Firms with over $1 billion in hedge fund assets accounted for most of last year's AUM growth, while the population of smaller players shrank, according to eVestment.
The hedge fund industry consolidated last year with the number of funds falling by around a tenth from 2012 but assets under management rising $248.8 billion to $2.6 trillion, finds a new report from research firm eVestment.
Firms with more than $1 billion in hedge fund AUM accounted for 83.3% of that increase in assets.
The number of hedge funds that reported to commercial databases dropped to 9,247 from 10,149 in that period.
The number of commodity trading adviser/managed f…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.