Assets under management of the global hedge fund industry increased 30% in 2007 despite a slowdown in the latter part of the year resulting in a slowdown in inflow of new funds and a decline in average returns.
Assets under management of the global hedge fund industry increased 30% in 2007 despite a slowdown in the latter part of the year resulting in a slowdown in inflow of new funds and a decline in average returns.
New York remained the leading global location for hedge fund managers with 40% of global assets. Its share was down from 50% in 2002 as growth of the hedge fund industry in Europe and Asia outpaced growth in the US. This was largely a result of a rise in institutional portfolio allocation into hedge funds in these regions during this period.
London’s share of global hedge fund assets doubled to 20% in the five years up to 2007. Assets managed by hedge fund managers in London totalled around $400bn in 2007. The 1,000 hedge funds located there accounted for four-fifths of European based hedge fund assets. If figures for fund of funds and US hedge funds with a trading desk in Europe are taken into account, London’s share of the European market was more than 90%.
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