About 45 new offshore hedge funds were rolled out by European hedge-fund managers in the first half of 2011, according to data by EuroHedge, The Wall Street Journal reports. The hedge funds raised a combined $5.2 billion in the first six months of the year.
The average size of portfolios was $116 million, which is almost double from $65 million last year. As per EuroHedge, assets in Europe-focused hedge funds managed from Europe account for around $389 billion of a $2 trillion global industry.
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