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European hedge fund assets pass USD 400bn
The European hedge fund industry enjoyed dramatic growth in the first half of 2006, with total assets under management growing to over $400 billion. The growth in overall industry assets – to $401 billion at the end of June – represents an increase of 23% from $325 billion at the beginning of 2006 and of 44% since June 2005, when total assets were just $280 billion.
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