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Doubling your money in a year is everybody’s dream but as an industry, that is exactly what global hedge funds have done. Hedge Fund Manager is proud to present its third Bi-Annual Hedge Fund Administrator Survey, conducted in association with CorrectNet.
Since our initial survey a year ago, reported funds under administration have more than doubled from US$745bn to US$1.5 trillion. This is partly due to increased participation in the survey but even taking that into account, like for like growth in the past six months was 22%.
Not only has this survey shown there are now more than US$1.5 trillion of funds under administration but, in single funds alone, the figure has breached the US$1 trillion mark.
Even to those people most in love with and involved with the industry, this figure is staggering, especially at a time when hedge funds have not been attracting the headlines the industry had become used to.
Just as it appears the mammoth returns of yesteryear are going out of fashion, the world at large has discovered a brand new investment toy. People will be rightly worried about the possible ramifications of such phenomenal growth, whether the markets have the capacity to support all these new funds with their new cash or indeed whether a lack of volatility in the equity and bond markets (caused by the funds themselves) is killing off returns. There’s a good chance a shake-out is in order – no industry develops to maturity without setbacks.
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