Nasdaq – Hedge funds are gathering assets again after a year of heavy investor redemptions helped wipe more than $1 trillion off the amount of money they manage.
Data provider HedgeFund Intelligence said Monday it estimates industry assets at $1.67 trillion as of July, marking an 8.5% decline in the first half of 2009 and putting them 38% below their $2.7 trillion peak in the first half of 2008.
It said redemptions had slowed to a stop, though, by July and that the massive net outflows from funds have “probably begun to reverse.”
