Billion Dollar Hedge Funds Gain In First Half

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While many investors have begun moving away from hedge funds recently, large funds are still way up for the first half of the year. According to Absolute Return’s semi-annual Billion Dollar Club ranking, total assets for hedge funds with at least $1 billion in assets hit $1.57 trillion spread across 287 funds, reports Lawrence Delevingne for CNBC. That’s a 7.46 percent increase since the start of the year and close to the all-time high of $1.68 trillion hit just before the financial collapse in July 2008. The group also added 19 funds to its roster this year. Hedge funds gained…

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