AIMA looks back at the institutionalisation of the industry
Mon Sep 5, 2011
Andrew Baker, chief executive officer of AIMA, takes a look at change and innovation in hedge funds over the past decade
One of the most important trends that we have observed at
Alternative Investment Management Association (AIMA) over the
course of the past decade has been the "institutionalisation"
of the hedge fund industry, as reflected in the operational
infrastructure developed by managers, the increasing and now
majority position of institutional investors among the
industry’s capital base, and the continuing
convergence of investment practices among traditional and
alternative asset managers. This movement has had significant
implications for hedge fund firms and their investors,
influencing policy, regulation, infrastructure and even the
investment styles of many managers.
Evidence of how much has changed can be found by looking at
the profile of hedge fund investors. Ten years ago, those who
typically invested in hedge funds were high-net-worth
individuals. Today, investors in hedge funds are of course more
likely to be institutions such as public and private sector
pension funds, insurance companies,...
ISSN: 2151-1845 / CDC10004H
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