PRESS RELEASES
HEDGE FUNDS EXPERIENCE NET INFLOWS OF CAPITAL IN 2007

January 16, 2008 - New York, NY - Hennessee Group LLC, an adviser to hedge fund investors, estimates that hedge fund industry assets increased by $462 billion in 2007 to $1.997 trillion. The increase in assets represents +30% growth over industry assets since the beginning of 2007. Preliminary results indicate that the hedge fund industry experienced net inflows of $278 billion (+18%) in 2007. The remaining $184 billion (+12%) was the result of positive performance, as evidenced by the Hennessee Hedge Fund Index, which advanced +11.6% in 2007. These figures do not include assets invested in fund of hedge funds.