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Article: Hennessee Releases 9th Annual Hedge Fund Manager Survey(R); Hedge Fund Managers Aim to Manage Less Capital In 2003.
- Article from:
- PR Newswire
- Article date:
- April 3, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- NEW YORK, April 3 /PRNewswire/ -- The Hennessee Hedge Fund Advisory Group ("Hennessee Group LLC"), a global hedge fund investment consulting firm, which advises individuals and institutions on over $1 billion in assets, today announced the findings for its 9th Annual Hennessee Hedge Fund Manager Survey(R). In the face of difficult equity markets, survey results indicate that the hedge fund industry grew 5% in 2002 to a total of $592 billion through manager performance and new capital inflows. Hedge funds outperformed the broader equity markets in 2002 as the Hennessee Hedge Fund Index(R) declined -3.43% net of fees, bringing the annualized return since ...