AllAboutAlpha.com is in New York today at yet another hedge fund conference (see posting below).  But first, some breaking news….

Back in April, we told you about a survey of 130/30 assets by Pensions & Investments.  At the time, P&I said there was approximately US$30 billion invested in 130/30 “or similar” strategies.  The article, “130/30 pull in $30 billion” came with a listing of the major 130/30 managers of the time.

According to an update today by P&I, the industry has grown by an astonishing $23 billion.  Yes, that’s a 77% growth over April’s figure.  What makes this growth more astounding is the fact that, as many institutional sales people know, most investors don’t make investment decisions over the summer.  Here’s the updated league table.

As you will note if you check out the table, over 60% of the growth comes from only six providers: State Street, BGI, Jacobs Levy, Goldman, Analytic and Aronson+Johnson+Ortiz.  This level of industry concentration reminds us of the hedge fund industry (see related posting).

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