About this episode
Ken Heinz, President of HFR Index LLC, joins Other People’s Money to break down the trends driving the hedge fund industry’s growth to a record $4.5 trillion in assets under management. HFR’s data on the industry that they collect and analyze from over 6,000 funds gives them a birds eye view of the big trends like the growth of multi-managers, crypto funds, and inflows for small and large funds alike. You can find more info on the HFR Database, HFR Indices, and other industry reports and resources for hedge fund investors and managers on their website: https://www.hfr.comFast track your buyside career and save 10% with coupon code OPM-10 at https://www.fundamentedge.com/opmFollow Other People’s Money on: Apple Podcast https://bit.ly/4e7QJ1M Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXRFollow HFR on Twitter: https://x.com/HFRincFollow Max Wiethe on Twitter: https://x.com/maxwietheTimestamps:01:13 What is HFR?02:45 What Qualifies as a Hedge Fund?07:07 Classifying Your Hedge Fund Properly10:15 Multi-Manager Hedge Fund Index15:36 The Crypto Hedge Fund Boom21:39 Fundamental Edge Analyst Academy23:20 Hedge Fund Asset Growth27:04 The Return of Capital Trend29:47 Do Capital Flows Hurt Returns31:49 Fund Formation Trends38:09 Fund Closure Trends39:44 Fund of Funds43:46 The Bifurcation of the Hedge Fund Industry49:22 The Future of Hedge Funds
