Mutual funds that invest in alternative asset classes increased assets under management 60% in 2010, to $201 billion.
Analysts at Cerulli Associates Inc., Boston, have published those figures in a report on the market for retail alternative products and strategies. The analysts looked at investment vehicles such as hedge funds, private equity funds and commodities as well mutual funds and exchanged-traded funds.
Alternative-asset funds hold just 2.6% of total long-term mutual funds assets, but that share is up from 1.9% in 2009.
The 60% asset growth rate compares with a 2010 growth rate of 16% for other types of funds.