Chapter 3
Industry Trends, Flows, and Characteristics
Understanding the hedge fund industry requires knowledge of the evolution, aggregate size, flows, diversification, location, and performance of individual funds. It also requires an assessment of the terms and fee structures in place between managers and the funds they manage. Obtaining estimates for this information is sometimes more of an art than a science due to the lack of a uniform regulatory framework or source for much of this information. As such, commercial estimates must be relied on to measure the industry size and scope.
There are a variety of commercial sources about the size and scope of the industry. Commercial information can be purchased or is given away free from industry associations:
Hedge Fund Review
CSFB/Dow Jones
Morning Star
Hennesse Group
Eurekahedge
Managed Funds Association
