Hedge fund assets still above $2T

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It's been a rocky year for the hedge fund industry, but as of now, assets under management remain historically high. Global hedge funds now oversee $2.2 trillion in assets, up from $2 trillion at the end of the 2011 and more than double what they invested for their wealthy clients in 2005, according to data from Hedge Fund Research. New commitments have been slow, just $31 billion this year, compared with $70.6 billion in 2011 and $194.5 billion in 2007. Article