HITC – Americas-based firms that each invest at least $1 billion managed a record high of $1.71 trillion as of Jan. 1, according to a report by hedge fund data and news service Absolute Return .
Assets of the 293 firms on the “Billion Dollar Club” list increased $250 billion over last year, up from $1.46 trillion at the start of 2013. The addition represents a 17.16 percent increase, the fastest growth since before the financial crisis in 2007. The previous record high was $1.68 billion on July 1, 2008.
