AIMA Says Hedge Fund Industry Employs 300,000 Worldwide

Dec 10 2010 | 8:13am ET

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.

 


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.