Insights into the dynamics currently reshaping the landscape of the industry. The report includes an analysis of performance by fund management fee and estimation of hedge fund industry launches and liquidations.
Highest launch year since 2021, lowest liquidations since 2004;
Average incentive fees decline sharply YoY;
Goldman Sachs, UBS, JP Morgan, Morgan Stanley top prime hedge fund brokers
CHICAGO, (April 11, 2025) – New hedge fund launches increased while liquidations fell to the lowest level in 20 years in 2024, as investors positioning for geopolitical risk and tariff catalyst volatility in 2025. The estimated number of new funds launched in 2024 was estimated at 479, the highest total since 2021, while liquidations in 2024 fell to an estimated 406, according to the latest HFR Market Microstructure Report, released by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. As previously reported by HFR, total hedge fund industry capital reached another record level in 2024, ending the year at an estimated $4.5 trillion.
The HFR Diversity Universe delivers the industry’s essential database of women & minority owned hedge funds. Our research now includes an overview of HFRI Women Index and HFRX Diversity Women Index.
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