Opalesque Exclusive: Single hedge fund manager AUA still at $2.079 trillion (down $730.647 billion) according to industry's most compreh

Alternative Market Briefing

Opalesque Exclusive: Single hedge fund manager AUA still at $2.079 trillion (down $730.647 billion), according to industry's most comprehensive survey

Wednesday, August 05, 2009

Carbon360° Research (link: CARBON360), an Opalesque Group company, will soon be releasing its 2009 Hedge Fund Administration Fact Book, where it meticulously features and compares all 130 hedge fund administrators side by side. The analysis of the material offers surprising insights. Please also note the list below with the updated AUA of the top 25 hedge fund administrators (by single manager and FoF AUA).

The Carbon360° Report illustrates that previously reported hedge fund industry assets under management ("AUM") have been grossly underestimated. However it also shows that third party hedge fund administrators have come under pressure through the asset decline.

The good news at this point is that with the Q2 of 2009, hedge funds had their best quarter in nine years as risk appetite came back strongly. All styles except for managed futures made profits. Overall, hedge funds are back on track. The liquidity situation has improved considerably and many gated or suspended funds could liquidate their holdings in an orderly fashion and, in some cases, lift redemption restrictions earlier than expected. (see our following article "Hedge funds are back on track").

Hedge Fund Research (HFR)says redemptions slowed to $42.8 billion in Q2, compared to $103.2 billion in Q1, according to their database. Many funds are seeing net subscriptions for the first time since Q3 2008. Overall, industry assets under management rose by $98.......................

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