Will the hedge industry pass £2 trillion?

Last week's announcement from Hedge Fund Research that the industry manages $1 trillion (see page 15) could understate the true figure by two or three times, if sums in investment banks' proprietary trading operations are included, according to Stanley Fink, Man Group's chief executive officer. Fink said the industry excluding prop traders could hit $2 trillion within three years, faster than the five he earlier predicted, however, some of this could come from banks' reallocations to traders setting up separately. "A lot of hedge fund strategies are being done inside Wall Street banks, ...