Hedge funds to see pre-crash levels this year

first_img GLOBAL hedge fund assets shot up by 13 per cent last year to $1.9 trillion (£1.1 trillion), with further recovery to pre-crisis levels predicted for 2011.The leap marks the second consecutive year of growth, according to a report by financial services industry body TheCityUK.London remains the largest centre for managers of hedge funds, second only to New York. Almost 20 per cent of global hedge fund assets under management are controlled from the capital, whilst Wall Street handles 41 per cent.Global net inflows into hedge funds totalled $65bn in 2010, whilst a ten per cent performance return also added to the growth in funds under management.Fund of hedge funds’ assets also grew 10 per cent to $550bn, a third below their 2007 pre-financial crisis peak.Confidence amongst investors has returned, following several years of caution due to the economic downturn and reputation damage from the Bernard Madoff fraud.The trend could be set to continue, bar any further economic turbulence, with funds under management likely to recover to pre-crisis levels by the end of this year, the report claims. Hedge funds to see pre-crash levels this year KCS-content Show Comments ▼ whatsapp Tags: NULL Sharecenter_img Wednesday 27 April 2011 7:58 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastHero Wars This game will keep you up all night! Hero Wars Senior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPail More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapplast_img