WEST PALM BEACH, FL (www.hedgeco.net) – Hedge Funds assets have grown by additional $27.6 billion during the first quarter of 2005, according to new data released by the Chicago based Hedge FundResearch {HFR}. The global hedge fund industry currently stands at $1.273 Trillion, most hedge fund data tracking firms now agree that at the end of 2004, the global hedge fund managed assets hadsurpassed $1 trillion.
Joshua Rosenberg President of HFR said, �The recent milestone of $1 trillion in industry assets is further evidence that hedge funds continue to appeal to those investors seeking diversified returns without correlation to equity and bond markets.� During the fourth quarter of 2004, the global hedge fund industry took in $27 Billon in assets. While returns have been sluggish in the first three months of 2004, industry experts believe that returns will be more positive during the coming quarters.
During the first three months of 2005 the average hedge fund is basically flat due to many factors including Federal Reserve Interest rate policies as well as lackluster equity markets. According to the S&P hedge fund index, the average hedge fund is down about 0.92 percent year-to-date. The Dow Jones Industrial Average is down 2.6 percent, while the S&P 500 dropped 2.21 percent.
Hedge Fund Research, Inc. is one of the industry’s most respected sources for hedge fund data and performance information. The firm tracks over 5000 hedge funds internally and is authorized to distribute information on over 3600 funds and fund of funds to HFR Database subscribers according to information on company website.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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