The hedge fund industry employs an estimated 300,000 people worldwide, according to the calculations of the Alternative Investment Management Association (AIMA).
AIMA surveyed its membership (over 1,200 members in over 40 countries) to come up with that total.
Not surprisingly, the bulk of those hedge fund jobs—240,000—is in North America; 50,000 are in Europe; and 10,000 in Asia-Pacific.
The figures include those employed directly in the hedge fund sector and those jobs generated among service providers like administrators, lawyers and accountants. AIMA says the ratio of direct to indirect jobs is 1:2.
AIMA CEO Andrew Baker said: “It is striking that hedge fund industry managers generate an additional two jobs among service providers for every job in the sector. That means that the industry is creating significant additional employment in the jurisdictions in which it operates, including in the EU, Switzerland, the United States and Canada, Hong Kong, Singapore, Japan and Australia.
AIMA says its members manage over 75% of global hedge fund assets and 70% of global fund of hedge fund assets.