The bull market of the past several months has created a renewed interest in hedge funds, which had a disastrous 2008, with record losses. But in the first nine months of 2009, roughly $150 billion was invested in hedge funds. The biggest winners were the biggest funds: Those with assets between $5 billion and $10 billion saw the most net inflows, while the largest outflows came from funds with less than $1 billion in assets.
The growth in hedge fund money has also led, predictably, to more hedge funds. During the third quarter of 2009, there were more hedge funds being created than there were hedge funds being shut down. That might not seem like much of a milestone, but it is the first time in over a year that that's happened.
The amount of money invested in hedge funds peaked in the summer of 2008, when they had $2.5 trillion in assets under management. By the end of this year, even with the rebound, the number will be roughly half of that.
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