Sydney Morning Herald – After two years of client withdrawals and pressure from regulators, hedge funds performed strongly 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 the year with $US2.4 trillion of assets under management, after adding a net $US79.5 billion during the past 11 months, according to HFN, a trade publication.
