Hedge Funds: The evolution of an industry

This paper, The evolution of an industry</i>, features analysis of a recent survey of 150 global hedge fund managers by KPMG and the Alternative Investment Management Association (AIMA) Ithighlights their insights and opinions on a range of issues that are changing the face of the industry, including a shifting investor base, an increased focus on operational infrastructure and the implications associated with a continuing wave of global regulation.
>The evolution of an industry articles:

The institutionalization of the global hedge fund industry
The continued bifurcation of the industry
Geographical implications and trends
The trend toward greater transparency
The increased focus on due diligence
How the industry is adapting to the changing regulatory landscape

Key Findings:

- Nearly 60% of all hedge fund assets are from institutional investors.

- 90% of respondents report an increase in due diligence.

- 84% indicate that they had increased transparency since 2008.

- Investor size is correlated to manager size as large institutional investors typically allocate to large hedge fund managers, while individual investors are more likely to invest in smaller firms. And conversely, allocations are twice as likely to go into funds of hedge funds with less than $500 million in assets as opposed to larger firms with more than $1 billion in assets.