Top 500 hedge funds control 90% of industry assets, research reveals

The 505 largest hedge fund managers in the world, each with over $1bn (€734m) under management, control 90% of the industry’s assets, research by Preqin showed yesterday.

They collectively manage $2.39 trillion of the industry’s $2.66tn in assets but account for just 11% of active firms, the industry tracker said in a statement.

“The increase in hedge fund assets is being driven by allocations from the largest investors in hedge funds, those which currently allocate more than $1bn to the asset class,” said Amy Bensted, head of hedge funds products.