2013 Global Hedge Fund and Investor Survey (Ernst & Young)

November 2013

KEYWORDS: Survey, European Union, hedge funds, financial crisis, regulatory reform, market efficiency, Emerging Markets

Authors:

Ernst & Young

Organizations:
  • Ernst & Young

Summary:

Managers and investors participated in record-breaking numbers for our seventh annual hedge fund survey, providing coverage for about one-third of the industry.

The industry continues to mature, and new practices have now almost entirely superseded the old hedge fund model. Those that survived the financial crisis are looking ahead and focusing on growth with a resigned acceptance of regulatory and reporting intrusions.

With maturity, the normal tribulations of managing large, diverse businesses have arisen. Hedge funds must now relentlessly focus on operational efficiency and costs to maintain margins.

The industry is also experiencing polarity, with the largest firms succeeding thanks to size and scale and the smallest thriving by virtue of simplicity. The middle ground, on the other hand, looks quite challenging.

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