The Hedge Fund Report: Class Warfare

Nierenberg likes that House spent 22 years in management roles at Intel (INTC). But the key factor here was reputation. "We had the opportunity to check out Dave pretty well during his time at Intel because he was a business partner of a senior executive who happened to be an investor in our fund," Nierenberg told TheStreet.com. "In the next six months, if the stock delivers a bargain, we'll consider adding even more shares," he said.

Billons and Billions

Global assets in hedge funds have now reached more than $1.5 trillion, according to a new research by HedgeFund Intelligence. The study found that U.S. hedge funds with more than $1 billion in assets now amount for more than $850 billion, and that's just for the U.S. The smaller U.S. funds have reached $200 billion.

Abroad, European funds represent $325 billion, Asian funds have passed the landmark of $100 billion and other regions, such as Canada, Brazil or South Africa, account for $50 billion. The study was completed in February.

>To order reprints of this article, click here: Reprints