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Komfie Manalo, Opalesque Asia:

According to the latest Convergence’s Q3 2016 update on the Alternative Asset Management Industry the number of private funds advised across the industry grew 8% and by 18% at alternative managers with 50% or more of their assets in alternatives from a year ago.

The amount of private fund assets across the industry grew 6% and by 6% in managers with 50% or more in alternatives. Headcount across the industry grew 6% across the industry while managers with 50% of more in alternative assets grew 8%.

Hedge funds’ assets advised by all managers of $7.2tln continue to represent the largest asset pool within the $12.79tln alternatives industry and grew 3% since Q32015. Hedge fund managers, whose alternative assets are 50% or more of their total assets, advise $5.71tln in hedge fund assets total and grew 1% year-over-year.

Based on reported hedge fund NAV of $2.8tln, average leverage across the industry is approximately 2.6x of invested capital. Real estate assets grew the largest clocking-in with 17% growth in assets and funds and venture capital funds and assets grew 28% and 17%, respectively. Private equity represents the largest number of funds with 15,600, growing 12%, while PE assets grew 6%.

Measuring the overall health of the alternative industry, Convergence analyzed the data it collected from multiple sources in the marketplace on more than17,0......................

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