Ashley Gunning and Ed Pearson examine the evolution of hedge funds and their investors in recent years. Originally published in HFM Week's Cayman Special Report 2015, Ashley and Ed discuss the current hedge fund market and how the Cayman Islands continually keep abreast of the most innovative structures.
Once a product primarily marketed at family offices and other wealthy individuals, hedge funds' investor base has grown to encompass educational endowments, sovereign wealth funds, insurers and public and private pension funds. With hedge funds attracting a broader range of investors than ever before, trying to construct an 'average hedge fund investor' or talk of hedge fund investors as a coherent group invites generalisations that lose too much of the detail to be instructive. But, at the same time, we now have more data on the hedge fund industry than ever before, and it is clear from this data that institutions now dominate the capital flows.
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California Dreaming - Of an Institutional Exit.pdf
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