Forbes – Like it or not, hedge funds are making a comeback. After taking a nasty fall post-Madoff, the hedge fund industry’s assets are approaching their historical peak with $1.917 trillion in the 4th quarter of 2010.
That’s slightly shy of the the 2008 peak when the industry held assets of $1.93 trillion in the second quarter that year. Of course, we all know what happened in the later half of that year. Lehman Brother fell, unprescedented M&A deals were signed and sealed within a weekend’s time, billions in bailout dollars were handed out.