“Non-Top-100″ hedge fund segment is flat-lining
May 24th, 2007 | Filed under: Hedge Fund Industry TrendsIn an apparent rebuke of the commonly-held belief that hedge funds are sprouting up like weeds, Alpha Magazine’s recent survey of the top 100 hedge fund companies suggests the “non-top-100″ category (including up to 9,000 funds by some estimates) have actually been flat-lining over the past 3 years. And when you adjust for the returns generated by the funds themselves, a picture of possible asset outflows begins to take shape.
As The New York Times observes:
“The 100 largest firms in the world managed $1 trillion at the end of last year, or 69 percent of all the assets in hedge funds, according to Alpha. At the end of 2003, the top 100 had less than $500 billion, or only 54 percent of total hedge fund investments.”
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