Rupesh Daya explains how the results of a recent survey
demonstrate how the hedge funds climate is evolving.
The hedge fund industry continues to face pressures to
transform. Managers are forced to become more focused on evolving
regulations, operational effectiveness, alignment of interests and
delivering value to their investors. New strategies, new investors
and demands for more customised products and services are changing
the market dynamics.
The changes are impacting almost every facet of hedge fund
management. In recent years we have seen changes in fee structures,
product mixes, target markets and investor types. KPMG, the
Alternative Investment Management Association and the Managed Funds
Association partnered to undertake a survey that looks at the
impact of these changes. The survey, titled Growing up: A new
environment for hedge funds, included over 100 hedge fund
managers that together represent approximately US$440 billion in
assets under management.
