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Opalesque Exclusive: HFI survey reports hedge fund growth at 27% during 2007, pegs industry assets at $2.6trl HFI’s annual Global Review survey reported that hedge fund assets rose 27% during 2007, bringing industry assets to $2.6tln. Most of the industry growth took place prior to the onset of the “credit crunch” as July – December accounted for only 6.6% of the increase. As returns account for an overall average in 2007 of +8% the majority of the increase appears to reflect the inflow of new investor money. The survey also reports that 80% of the $2.6 trillion hedge fund assets are managed by the 390 firms which can claim themselves members of the Global Billion Dollar Club.

Growth in hedge fund centers New York remains the capital of the hedge fund universe, staking claim to 144 of those funds in the Billion Dollar Club. London also proved itself a dominant center with 75 Billion Dollar Club funds located within the city. The 30% growth in Asia-Pacific funds exceeded the global average and the landscape of the Asia hedge fund centers is changing as well. While Tokyo’s importance as a hedge fund hub declined in 2007, Hong Kong and Singapore, which now claim 19 of the Global Billion Dollar Club members, reflect a rapid rise in their regional importance in the industry. Source

Opalesque Note: Look for the upcoming Opalesque Roundtable reports from the rapid......................

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