Hedge Fund Industry - Assets Under Management

Assets Under Management	2nd Qtr 07†	1st Qtr 07†	4th Qtr 06†	3rd Qtr 06†
Hedge Fund Industry *	$ 1910.0 B	$ 1776.5 B	$ 1,550.4 B	$ 1,502.1 B
Fund of Funds Industry	$ 1208.0 B	$ 1041.7 B	$ 971.7 B	$ 943.4 B
Sectors
Convertible Arbitrage	$ 42.4 B	$ 40.3 B	$ 34.0 B	$ 33.5 B
Distressed Securities	$ 116.2 B	$ 107.3 B	$ 94.4 B	$ 88.1 B
Emerging Markets	$ 300.6 B	$ 274.1 B	$ 247.7 B	$ 242.7 B
Equity Long Bias	$ 209.0 B	$ 192.6 B	$ 190.3 B	$ 185.2 B
Equity Long/Short	$ 277.5 B	$ 264.2 B	$ 230.4 B	$ 222.3 B
Equity Long-Only	$ 38.9 B	$ 38.9 B	$ 31.4 B	$ 29.7 B
Equity Market Neutral	$ 69.0 B	$ 64.4 B	$ 56.8 B	$ 54.7 B
Event Driven	$ 155.9 B	$ 131.4 B	$ 111.3 B	$ 105.0 B
Fixed Income	$ 163.6 B	$ 166.4 B	$ 142.4 B	$ 137.9 B
Macro	$ 79.7 B	$ 73.9 B	$ 68.7 B	$ 71.1 B
Merger Arbitrage	$ 33.9 B	$ 30.0 B	$ 19.8 B	$ 18.6 B
Multi-Strategy	$ 231.3 B	$ 222.1 B	$ 192.9 B	$ 191.8 B
Other **	$ 42.2 B	$ 39.7 B	$ 40.4 B	$ 38.2 B
Sector Specific ***	$ 113.4 B	$ 100.6 B	$ 89.9 B	$ 83.2 B

†Industry-wide estimated in USD Billions
*Excludes Fund of Funds assets
**Other: Include funds categorized as Regulation D, Equity Short Bias, Option Strategies, Mutual Fund Timing, Statistical Arbitrage, Closed-End Funds, Balanced, Equity Dedicated Short and without a category.
***Sector Specific: Includes sector funds categorized as Technology, Energy, Bio-Tech, Finance, Real Estate, Metals & Mining and Miscellaneous oriented.

Hedge Fund Industry - Assets Under Management

Assets Under Management

Sectors

Hedge Fund Industry

Fund of Funds Industry