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Hedge fund industry snapshot: $2.6 trillion in 11,000 funds

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A new report on the hedge fund industry underscores just how big it is: $2.6 trillion in 11,000 funds.

The research by alternative investment tracking company eVestment aggregated information from 10 databases that collect voluntarily submitted data by hedge funds. After cleaning the data and removing duplicates, eVestment found that there are 7,524 traditional hedge funds, 1,723 managed futures or commodity trading advisors (CTAs invest using futures contracts, often for commodities) and 2,074 funds of hedge funds. Those funds were managed by more than 4,500 separate firms.

Together, those funds managed $2.66 trillion in 2013. Traditional hedge funds represented $2.3 trillion or 83.8 percent of the total with the largest funds, those over $1 billion in assets, controlling two-thirds of overall assets.

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