{"id":5724,"date":"2007-02-27T00:00:00","date_gmt":"2007-02-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-grow-like-kudzu-red-herring","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2007\/hedge-funds-grow-like-kudzu-red-herring.html","title":{"rendered":"Hedge Funds Grow Like Kudzu &#8211; Red Herring"},"content":{"rendered":"<p class=\"MsoNormal\">  <span>CA-Hedge funds seem to be everywhere lately\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009dshifting assets into venture capital, capturing headlines, growing assets.<\/span><\/p>\n<p class=\"MsoNormal\">  <span>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\">  <span>Now a study points to a reason: There are lots more of them. The number of single-manager hedge funds increased to 13,675 at year-end 2006, a 69 percent increase from the 8,100 funds in 2005,  PerTrac Financial Solutions reported.<\/span><\/p>\n<p class=\"MsoNormal\">  <span>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\">  <span>The study, which analyzed 56,000 investment records from 12 hedge fund databases, placed assets under management for single-manager funds at a whopping $1.41 trillion as of Dec. 31, 2006.  That was even higher than the $1.2 trillion reported in a survey by the Hennessee Group consultancy as of Oct. 31.<\/span><\/p>\n<p class=\"MsoNormal\">  <span>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\">  <span>About 250 funds have more than $1 billion under management, PerTrac reported, while more than one-third of single-manager funds have less than $25 million.<\/span><\/p>\n<p class=\"MsoNormal\">  <span>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\">  <span>Collecting figures on hedge funds can be a tricky business. No single regulatory body governs the industry, and hedge funds are domiciled around the world. Among single-manager funds, 36  percent were single-manager funds based in the United States, while 64 percent were offshore.<\/span><\/p>\n<p><strong><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/2-0&amp;fd=R&amp;url=http:\/\/www.redherring.com\/Article.aspx%3Fa%3D21446%26hed%3DHedge%2BFunds%2BGrow%2BLike%2BKudzu&amp;cid=1113994242&amp;ei=_SXkRfO4M57MHO2y-Xw\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CA-Hedge funds seem to be everywhere lately\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009dshifting assets into venture capital, capturing headlines, growing assets. &nbsp; Now a study points to a reason: There are lots more of them. The number of single-manager hedge funds increased to 13,675 at year-end [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5724","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5724"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5724\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}