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July 23, 2010

So Much for the Death of Hedge Funds

John Gapper, Financial Times

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So much for the death of hedge funds.

Asset management, having been through a couple of tough years, is back to doing fairly well for itself - and that includes hedge funds - according to the Boston Consulting Group.

The industry as a whole is back from a nasty 2008 with global assets under management rebounding from $47,000bn in 2008 to $52,600bn. Even more importantly for those concerned, the post-crash squeeze on operating margins seems to be easing.

The BCG figures unveiled this week show operating margins falling from a very rich 40 per cent in 2006 to 31 per cent last year, but they are projected to stabilise at 31 to 35 per cent this year. As Monish Kumar, a BCG partner, put...

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