CNNMoney.com- An equity investors study by Greenwich Associates showed trading volume generated by hedge funds surpassed mutual funds last year and now ranks second only to traditional asset-management shops.
The financial-consulting firm said the influence of hedge funds as a way of generating equity trading has helped Merrill Lynch & Co. (MER) and other firms " solidify" their standing as top U.S. brokers in terms of market share.
"Although the second half of 2007 was something of a wild ride, hedge-fund performance for the year was relatively strong, and from a U.S. equity trading perspective, hedge funds were extremely active," said Greenwich consultant John Feng.
