Hedge fund assets continued to grow at a healthy clip in 2024 as many funds displayed their strength: capital preservation during bouts of volatility.
According to Charlie McGrath, lead analyst on Preqin’s ‘Global Hedge Fund Report,” hedge fund assets reached $4.88 trillion by the end of September 2024, for an 11.5% annual growth rate. Their three-year annual growth rate stood at 4.1%, while their five-year growth rate was 6.2%.
McGrath said they’re starting to see short spurts of run-ups in assets, although they haven’t really seen any quick drawdowns except in March 2020 during the pandemic and in 2022. However, he added that when drawdowns do occur, they’re essentially one moment followed by a steady upward swing afterward.
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