The fast-growing world of hedge funds
Love'em or loathe'em, hedge funds are here to stay. In fact, the diverse group of investment assets known as hedge funds is positively exploding. ('If only,' some IROs sigh.) A report released in March by KPMG and RR Capital Management Corp estimates hedge fund assets, pegged at under $20 bn in 1990, will swell to over $1.7 trillion ten years from now.
Today, hedge funds control some $400 bn in assets. Yet for many companies and investors alike, they remain a mystery, conjuring up the shadowy
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