Alternative industry could hit $2 trillion by 2008 says Man Group

LONDON – The recent estimate from Hedge Fund Research that the industry manages $1 trillion could understate the true figure by two or three times if sums in investment banks’ proprietary trading operations are included, says Stanley Fink, Man Group’s chief executive. Speaking to Hedge Funds Review, HFIT’s sister publication, Fink says the industry excluding prop traders could hit $2 trillion within three years, faster than he had predicted, although some of this could come from banks’