U.K. Hedge Fund Industry Employ 40,000

Jan 26 2009 | 12:13pm ET

Despite the downturn, hedge funds are still a major force in the U.K. economy. The British hedge fund industry currently employs an estimated 40,000 people, according to the Alternative Investment Management Association.

AIMA estimates that the number of people employed directly by hedge funds and funds of hedge funds is about 10,000, while there are also at least 30,000 jobs among the industry’s advisers and service providers, such as prime brokers and legal and accounting services that are dependent on the industry.

AIMA’s research manager Tom Kehoe said these figures are conservative estimates of the industry’s overall workforce.

“The hedge fund industry is a major part of the financial services sector of the U.K. economy and it does contribute substantially in terms of employment figures,” said Andrew Baker, chief executive of AIMA.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...