LONDON (Reuters) – Hedge fund assets overseen by single managers rose to more than $1.3 trillion in 2005 from $1.0 trillion a year before, as holdings expanded despite a run of patchy performance, according to Hedge Fund Manager Magazine.
Hedge funds, which used borrowed funds to enhance returns and can make money in falling markets, have boomed in recent years, attracting investors hit by the fall in equities after 2000.
Single manager assets reached a total of $1.371 trillion while holdings in funds of hedge funds rose to $709 billion.
