In 2003, hedge-funds drew in 4 times the amount of fresh capital than in any other year recorded for the Hedge Fund Industry with a total of $16 billion dollars going into the funds for the year. Clients continue to seek a division of Alpha and Beta. Back in 1954, the equity mutual fund business had $400 million in assets. Today, it has roughly $7 Trillion.
The above figures come from a friend of mine that is a senior partner at First Quadrant in Pasadena, CA. They manage $23 billion in tactical asset-allocation. www.hedgeworld.com
there is probably significantly more in the industry. many funds refuse to be listed anywhere. usually big boys.
7,000 Funds and $700 Billion in Assets: Long/Short Equity Event Driven - M/A Global Macro Most likely will see a re-allocation out of the U.S. markets and into overseas markets in Global Macro.