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Alternative Market Briefing

Latest research from Preqin finds the US hedge fund industry up $150bn year to date

Friday, September 20, 2013

Beverly Chandler, Opalesque London:

New research from Preqin finds that the US-based hedge fund industry has seen assets grow by a significant $150bn in 2013 so far. Their latest research showed that the US hedge fund industry has recovered faster and more strongly than other regions across the globe, and is currently enjoying significant growth in terms of assets under management. The firm writes that although much of this growth can be accounted for by the solid performance of hedge funds in 2013 year to date, they have also witnessed some significant commitments to US-based hedge funds so far this year. "US-based hedge funds account for an overwhelming 73% of total hedge fund industry assets under management" Preqin says.

Other key highlights of the study include:

  • New York and Connecticut are the first and third leading centers for hedge funds globally by total assets under management, with the UK the second largest.
  • US-based funds of hedge funds represent $508bn in assets under management, or 65% of the capital managed by funds of hedge fund globally.
  • 95% of US-based hedge fund industry assets under management is accounted for by the 10 leading states for hedge fund management in the US, which are explored in further detail in Preqin’s report: New York, California, Connecticut, Massachuse tts, Illinois, Texas, New Jersey, Minnesota, Pennsylvania and Florida.
  • In contrast to the US’s growth of......................

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