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A Look At Today’s Hedge Fund Manager

Date: Tuesday, June 6, 2006
Author: Hedge Fund Daily

More than 60% of hedge fund managers have been running funds between five and 15 years, according to a survey by Infovest21. That breaks down to 36% managing funds for five to 10 years and 25% at the helm 10 to 14.9 years. The survey also found that the average hedge fund employs 35 people, with four principals and five portfolio managers, and has an average of 88 investors. Further, 29% of HFs have more than $1 billion AUM, with 46% falling into the $100 million-to-$999 million category, and 25% with less than $100 million. Nearly four of 10 HF managers polled say investors chose them for their performance, and only 10% of hedgies say they allocate to other managers mainly for the same reason – performance. Based on the survey, the investor base was 43% high net-worth/family office, 23% fund of funds, 20% financial institutions and 9% pension. On average, managers hope to return 16.6% this year.