HedgeFund Intelligence says that global hedge fund industry assets have risen to $2.65 trillion (1.34 trillion pounds) at the start of 2008.

London is the dominant hedge fund centre in Europe with 75 firms, up from 72 last year, and New York still at the top with 144 hedge funds, up from 123 firms a year ago. As in the rest of the world, the bigger firms in Europe are becoming more dominant. The top 22 firms in Europe now run 44 percent of European assets, up from 37 percent a year ago.