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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note