The report projects hedge fund assets growing to $3 trillion by 2010, having passed the trillion mark in 2005, assuming the pace of growth continues as it has since 1999, when the industry was $456 billion.
For start-up funds, the miracle of birth is getting even tougher. Unlike 2003 and 2004, when launches exceeded their day-one target fundraising to the tune of 25%, in 2005 there were shortfalls of about half the envisaged...
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