Hedge Funds Emerging Markets Gold
Hedge Funds Make Gains Off Emerging Markets & Gold
After two years of client withdrawals and pressure from regulators, hedge funds returned strong performances this year, fuelled by successful bets on metals and emerging markets.
The hedge fund industry, heavily criticised for gambling on the collapse of some banks in 2008, will end up the year with $2.4tn (£1.54tn) of assets under management, after adding a net $79.5bn during the past 11 months, according to HFN, a trade publication.
Insurance companies, pension funds and other institutional investors are again pouring money into the secretive industry, which is mostly based in London and New York. Source