Hedge Fund Managers’ Fundraising, Assets Up


    Hedge fund assets under management totaled $2.9 trillion as the end of July, up from $2.7 trillion at the end of 2013, says alternative investments data provider Preqin. “Although the first half of the year has been rocky, with performance proving underwhelming and investor satisfaction with the industry starting to wane, it has nevertheless been a successful one for many managers,” says Amy Bensted, head of hedge fund products with Preqin. “Interest from a wider group of investors, particularly those in the private wealth arena and retail clients, is leading to a proliferation of new structures, in particular liquid alternatives, to cater to new markets.” Preqin says hedge fund managers may be feeling competitive pressure for investor assets, but their fund-raising is thriving. Yet, 64 per cent of respondents ‒ single-fund and fund-of-funds managers ‒ said their assets had increased during the first half. Bensted says this was providing more product options to all hedge fund investors, and had driven the growth in assets in the hedge fund sector.