Reuters – Assets of Europe’s hedge funds rose by 23 percent in the first half of this year, shrugging off mediocre investment performance in May and June as institutions continued to pour into thesector, data showed on Monday.
The European industry’s assets rose to more than $400 billion (213 billion pounds) at the end of June, up from $325 billion at the start of the year, and up by 44 percent from June 2005, according to trade publication EuroHedge.
The biggest hedge fund groups enjoyed the fastest asset growth. The top 25 firms held almost $180 billion at the end of June, equal to about 44 percent of all European hedge fund assets.