Hedge fund assets ‘passed USD 2 trillion mark in November’

Hedge fund assets under management passed USD 2 trillion in value for the first time in a year during November, according to new figures from HedgeFund.net.

The statistics showed that total assets increased by 3.39% to reach USD 2.037 trillion. Assets were last above the USD 2 trillion mark in November 2008.

Both allocations and performance contributed to the strong showing, adding USD 26.3 billion and USD 40.5 billion respectively.

However, total assets are still USD 900 billion below the peak seen in the second quarter of 2008.