The hedge fund industry is back to having assets worth more than $2 trillion in November, according to Hedgefund.net. The gain of 3.39% came to $2.037 trillion for the hedge fund sector, making this the first time that hedge funds have tallied a $2 trillion handle since November 2008. Of the gains, $26.3 billion was in new capital commitments and $40.5 billion of the gains came from higher values in assets and investments. This also marked the seventh consecutive month of increasing assets.
The trick for hedge funds and other more traditional asset managers is in attracting new assets. As markets rise, so should the overall value of assets under management. The core growth rate measures the asset growth solely from inflows by investors, and that gained 1.33% in November.
You can see the full breakdown of by-sector and by-region performance at Hedgefund.net.
This is still shy of the near-$3 trillion during the second quarter of 2008, but we are also on the back-side of different times in the markets as well. Success may all be relative, but this is still a positive for the hedge fund sector.
Jon C. Ogg
December 8, 2009
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