From IFSL's annual report (.pdf): The global fund management industry's assets under management...

|By:, SA News Editor
From IFSL's annual report (.pdf): The global fund management industry's assets under management fell 19% in 2008 to $61.6T. Of that, hedge fund assets declined 30% to $1.5T; mutual funds were down 28% to $18.9T; private-equity AUM dropped 40% to $189B; sovereign wealth funds grew 18% to $3.9T; and ETF assets fell 11% to $710B. (via)