“In 1990 there were 610 hedge funds managing $39 billion of assets, according to Hedge Fund Research. Today there are nearly 10,000 hedge funds controlling more than $3 trillion of assets. There are another 9,000 mutual funds in the United States, bringing the number of actively managed fund companies to roughly 19,000. For perspective, there are about 13,100 Starbucks locations in the United States.”
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