Hedge Fund Assets Grow to $1.96T

The jump in assets by $751 billion to $1.96 trillion was a 62% increase for the year, the Hennessee Group said in a press release on Monday. To avoid double counting, fund-of-fund assets are not included in the asset growth analysis. “Despite many of the well-publicized challenges the industry faced entering 2009, particularly after the Madoff scandal, the industry was able persevere and experienced 37% in new asset growth over the full year period,”