Hedge fund assets to surpass peak by next year, consultant says

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GLOBAL - The hedge fund industry's assets should surpass US$1.9trn, the record reached in mid-2008, as early as this year as US pension funds add money to the pools, investment consultant Casey Quirk & Associates LLC said.

The rebound in assets, which shrank to $1.4trn at the end of 2008, is being driven by inflows from US institutional investors, particularly pension funds, Yariv Itah, a partner at the Darien, Conne...

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