Hedge fund AUM below $1 trillion: New Finance Capital
Friday, May 8, 2009 : PermalinkReuters – Hedge fund assets under management around the world have probably fallen below $1 trillion, a top executive at hedge fund New Finance Capital LLP (NFC) said on Thursday.
"There has been an enormous contraction in this industry. The industry is much, much smaller this year," NFC co-Chief Executive and co-Chief Investment Officer Marc Hotimsky told a briefing for reporters.
Assets under management were by now "probably slightly below $1 trillion," he said.
Tags: assets-under-management, chief-executive, chief-investment-officer, contraction, fund-assets, hedge fund, new finance, nfc, quot, reuters, top executive, trillion
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