1 Hedge fund assets under management (AUM) stand at $456 billion according to data from Hedge Fund Research. There are an estimated 3,102 hedge funds and 515 funds of hedge funds (FoHF) globally.
Long Term Capital Management (LTCM) is finally liquidated after the highly leveraged fund was hit by Russia’s devaluation of the rouble and debt default. At its height LTCM’s assets under management totalled $5 billion.March
10 Dotcom bubble reaches its peak with Nasdaq composite index at all