The hedge fund industry has grown 10 percent a year since the financial crisis, much of that from higher allocations by public and private pensions, according to an association representing hedge fund interests.
Pensions have well over $700 billion invested in hedge funds at the moment, representing about $1 of every $4 invested in these funds, the Alternative Investment Management Association said.
All told, hedge fund investments returned $1.5 trillion after fees to their investors over the past 10 years, the AIMA said.
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