HFA members in the US, Europe, Asia, Australia, Latin America and the Cayman Islands elected 15 new leaders to work on behalf of the global hedge fund industry. The HFA represents over 10,000 hedge funds in the US and abroad with more than $2.8trn in assets, institutional and high-net worth investors, and industry service providers.
Hedge funds have begun taking advantage of recent changes in Securities and Exchange Commission regulations under the 2012 JOBS Act, which lifted a ban on “general solicitation” of investors. The competitive nature of the industry has forced firms to think of ways to set themselves apart in the eyes of the public. While some managers are struggling with this new reality, others are embracing it by producing flashy new video campaigns to lure potential investors.
The percentage of investors asking to withdraw their money from hedge funds rose slightly to 3.38 percent of assets under administration in February. This marks a slight increase from January. The hedge fund market is expected to surpass the $3 trillion mark by the end of the year.