From the Centre for Hedge Fund Research at Imperial College in London, this report examines and summarizes the value provided by the hedge fund industry to investors, to markets, and the broader economy. The analysis is divided into two parts, a quantitative analysis of hedge fund performance and a literature review. This is the first of an in-depth two-part series on the current state of the global hedge fund industry.
Part II of the report will feature in-depth analysis of a global survey of hedge fund managers and will be released later this year.