Total assets under management (AUM) for Europe-based alternatives funds have reached €2.00tn ($2.36tn) for the first time as of the end of 2019.

This is up from €1.79tn at the end of 2018, and €1.39tn at the end of 2015, said Preqin's third annual Alternative Assets in Europe report.

The report finds that private equity (€795bn) and hedge fund (€609bn) sectors