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Hedgies stage mini-recovery
AN upturn in performance in the final quarter helped the beleaguered hedge fund industry take total capital invested above $2 trillion (£1.29 trillion) at the end of last year, new research says.
Assets under management recovered to $2.01 trillion at 31 December, up two per cent from the end of the third quarter, according to Hedge Fund Research.
The gain more than offset a nominal net capital outflow of $127m. HFR president Ken Heinz said the “complexity and breadth” of the Eurozone crisis had contributed to a challenging year for hedge funds.