SECURITIES 
HEDGE FUNDS

Hedge funds are private investment pools subject to the terms of investment agreements between the sponsors of, and investors in, the hedge fund. While mutual funds typically have a minimum opening investment of about $1,000, hedge fund investors are often required to have a minimum investment of $1 million.
ASSETS OF HEDGE FUNDS, 1950-2007 (1)

($ billions)



(1) All data are for January.

Source: Hennessee Group LLC.