Guardian – Hedge funds have roared back from the financial crisis, delivering profits of $129bn (£79bn) to their clients in just six months.
While many industries are still suffering from the aftermath of the global economic downturn, hedge funds appears to be in ruder health. Data calculated by LCH Investments showed that the 10 leading hedge funds alone made $28bn for their customers in the second half of 2010. That is more than the combined net profits of Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley, Barclays and HSBC over the same period, according to the Financial Times which published the figures on Wednesday.
