Professional Documents
Culture Documents
Demographics Issues
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Demographics Issues
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Demographics Issues
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Demographics Issues
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Alternative Overview
$6.91 trillion USD AUM in 2014 (AUM increased
$690 billion in 2014)
The Alternative space today represents c. 10%
of the Investment management AUM.
The Alternative Investment space will continue
gain market share. The traditional mgers are
also fighting back with smart beta products.
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Loosely defined as
Loosely defined as
Expert System
Manager skill in identifying opportunities
Focused on imperfect market sectors
Depend critically upon special skills and knowledge
Leverage
(including leverage through the use of derivatives)
Fee Structure
1/10 or 2/20 with high watermark
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Popular Misconceptions
Hedge Funds
Equity Hedge
Relative Value
Event Driven
Credit
Long Bias
Long/Short
Market Neutral
Short Bias
Distressed/ Restructuring
Equity Special Solutions
Risk Arbitrage/ Merger Acquisition
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Hedge Funds
Macro
Managed Futures/
CTA
Others
Multi Strategy
Global Macro
Active Trading
Commodity
Currency
Fundamental
Quantitative
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Source: Centre for Hedge Fund Research
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Source: Centre for Hedge Fund Research
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Source: Financial Conduct Authority
Thank you