Despite some legitimate concerns about performance, the hedge fund industry continues to boom. The latest news from HedgeFund Intelligence is that assets under management have soared past the two trillion level. Assets surged 30 percent last year, despite the Amaranth mess. The number of billion-dollar funds have hit 351. New York remains the most popular venue for fund firms; home to 35 percent of the billion-dollar funds. London ranks as the second-most popular venue with 72 billion-dollar firms. The other popular locations: Greenwich, CT, Boston and San Francisco. A surprise was Dallas-Fort Worth, which came in at 6th. Clearly, big pensions and endowments have an appetite for the class. They are fueling the entire alternative investments boom, and seem unquenchable. 

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- here's an article from ii.com