Despite critics saying hedge funds have seen better days—and returns—investors are still buying in.
The largest hedge fund firms in the Americas—those managing $1 billion or more in assets—kept adding assets in the first half of the year, according to Absolute Return's twice-annual Billion Dollar Club ranking.
That puts assets for the 287-firm group at $1.57 trillion as of July 1, up 7.46 percent from $1.46 trillion at the start of 2013 and near the all-time-high of $1.68 trillion in July 2008. Nineteen new hedge funds firms joined the club with assets hitting $1 billion or more since January.