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Alternative Market Briefing

Report: US remains key driver for global hedge funds accounting for 72% of global assets

Friday, August 24, 2018

Laxman Pai, Opalesque Asia:

The US remains a key driver of the hedge fund industry across the globe, accounting for 72% of the approximate $3.6tn in global assets as of 31 May 2018, according to Preqin special report: Hedge fund spotlight.

Despite hedge fund activity in other regions globally expanding alongside that of the US, the country accounts for 3,405 of the 5,523 institutional investors active in hedge funds and 3,319 of the 5,383 active hedge fund managers tracked by Preqin.

The report on hedge funds in the US revealed that all the 50 states are home to at least one institutional investor actively investing in hedge funds, and there are only two states that have no hedge fund managers operating within them.

New York accounts for just under half of all US hedge fund industry assets; Connecticut is home to the two largest hedge fund managers in the world.

According to the report, pension funds are, by some distance, the largest aggregate allocator to hedge funds, contributing almost half of all institutional capital invested in the asset class by US-based institutional investors.

Over half of US-based funds of hedge funds are based in New York, with the aggregate AUM of fund of funds managers headquartered in the state totalling $310bn. Blackstone Alternative Asset Management is the largest fund of hedge funds manager in the US and, indeed, the world, currently managing $75bn (as of May 2018).

More than one-third (36%) of all US-ba......................

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