Hedge Fund Alert – The number of firms with at least $10 billion of gross fund assets reached 90 at year-end, up from 74 a year earlier, according to the latest update of Hedge Fund Alert’s Manager Database (see rankings on Pages 6-12). And the number with $25 billion or more jumped to 32, from 20 at year end 2011.
Together, the gross fund assets for the 200 largest managers climbed to $3.3 trillion, from $2.7 trillion — an increase of 22%. Industry wide, gross fund assets increased 19% to $4.3 trillion.
