Single-manager hedge funds increased their reported assets undermanagement in the first half of 2012.
Assets under management increased by 5.23 percent to nearly $1.9trillion, according to a study by PerTrac, a provider of analytics,reporting and communications software for investmentprofessionals.
The study also found a continued decline in the reported assetsunder management of funds of hedge funds. The amount of moneyinvested in these investment vehicles, which allocate exclusivelyto hedge funds, declined by 4.92 percent during the first half of2012 to $425 billion. Part of the slide in these funds’ assets canbe attributed to the decline in the number of them reportinginformation to databases, which slipped by 3.81 percent to3,259.
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