As the Securities and Exchange Commission grapples with the question of how much transparency is needed in hedge funds, the industry nearly reached the $750 billion mark worldwide, Reuters reports.

Citing the research firm Tass, which is owned by Tremont Capital Management, reports indicate the industry grew by $60 billion in net assets in 2003, nearly four times as much as the $16.3 billion growth in inflows the industry saw the previous year.

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