AIMA: Hedge Funds Manage Mostly Institutional Money

Mar 4 2009 | 11:41am ET

The majority of hedge fund and fund of hedge funds assets globally are from institutional investors, and one-third of those assets now come from pension funds, according the Alternative Investment Management Association.

Traditionally, high-net worth individuals accounted for most of the assets managed by the hedge fund industry, but, according to Tom Kehoe, research manager at AIMA, institutional investors have been steadily increasing in significance in recent years.

“And we think they now account for an absolute majority of AUM. Pension funds account for about a third of that, or one-sixth overall. These figures are estimates, but they are informed by all the data at our disposal,” he said.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of