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Laxman Pai, Opalesque Asia: The hedge fund industry by assets under management value is expected to grow from USD 4.60 trillion in 2023 to USD 5.37 trillion by 2028, at a CAGR of 3.14% during the forecast period (2023-2028), said a review.
According to the Reportlinker.com report, the total value of assets managed by hedge funds worldwide reached around USD 4.53 trillion in 2021.
Fund managers are also increasingly applying artificial intelligence and machine learning (AIML) techniques to improve operational efficiencies and boost returns. In this industry, the United States was the top country regarding hedge funds assets under management, accounting for three-quarters of the world. The United Kingdom followed with the second-highest assets under management, it said.
"The COVID-19 pandemic caused a public health emergency in December 2019, severely affected global economic activity, and was considered a global economic/financial crisis. The effect manifested in increased risk spillover across several financial instruments such as equities, mutual funds, commodities, and cryptocurrencies," the report said.
When the pandemic hit at the start of 2020, some hedge funds sought to gain from the stock market collapse. The airline sector suffered particularly badly and became a target for short sellers. Hedge funds well-positioned in anticipation of the market shock made significant profits during this period, the report noted.
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