Hedge Funds Surpass Mutual Funds in Equity Trading Volume
July 18, 2008
Hedge funds topped mutual funds in equity trading volume last year and are now second only to asset management shops, according to a new study by Greenwich Associates.
He said approximately 30% of U.S. institutional equity commission payments were generated by hedge funds, up from 24% the previous year. In contrast, mutual fund commission payments continued their 10% fall the previous year to another decline of 19%.
Hedge funds’ influence in generating equity trading has helped firms like Merrill Lynch solidify their standing as top U.S. brokers by market share.
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