The 2006 PerTrac Hedge Fund Database Study shows that there was a 61% increase in hedge funds and funds of hedge funds in hedge fund databases since the 2005 study.
“Investors and industry watchers will be interested to learn that the number of distinct hedge funds and funds of hedge funds we were able to identify in hedge fund databases in 2006, with duplicate funds removed, increased by 61% from the prior year,” says Meredith Jones, Managing Director of PerTrac. “The number of single manager hedge funds increased by 68%, while the number of funds of hedge funds increased by 46%,” she adds.
The study, released annually since 2003, has become a widely-followed indicator of the size and composition of the hedge fund industry, says PerTrac. The 2006 study was conducted using data from twelve major hedge fund databases, combined and analyzed with the PerTrac Analytical Platform.