Hedge Fund Question of the Week – Summer Edition – Series Finale

Where is the hedge fund industry heading?

Answer:  It’s complicated.

The hedge fund industry has had its ups and downs, sometimes expanding at an incredible rate, sometimes moving sideways and other times being written off.  Different asset classes and strategies have come in and out of favor.  And of course, the industry is incredibly diverse – one reason some people prefer to say “alternative investment funds” rather than “hedge funds”.

Over the past several months, I’ve had a unique opportunity to speak with dozens of insightful people from all sides of the industry.  New managers, allocators, seasoned back office veterans, service providers, consultants, journalists, industry association leaders and academics.  It’s always interesting to get their take.