We study the persistent edge current in the fractional quantum Hall effect.
We give the grand partition functions for edge excitations of hierarchical
states coupled to an Aharanov-Bohm flux and derive the exact formula of th
e persistent edge current. Any mth hierarchical state, with m > 1, exhibits
anomalous oscillations in its flux dependence at low temperatures. The cur
rent as a function of the flux converges to the sawtooth function with peri
od phi(o) = hc/e at zero temperature. This phenomenon provides a new eviden
ce for exotic condensation in the fractional quantum Hall effect. We propos
e experiments to measure the persistent edge current and thus to verify the
existence of the hierarchy.