Opalesque – Speaking at the London Emerging Manager Forum, Ravi Anand, head of corporate finance at Dexion Capital said that the hedge fund industry has been evolving and changing a great deal over recent years, running in parallel with private equity.
Anand said that the first step in analysing merger and acquisition activity in the hedge fund sector was to estimate how big hedge funds are relative to asset management in general. With the hedge fund industry estimated to have some $2.3tln under management, it is a tiny concentrated part of asset management in general, Anand said. And the concentration means that 5% of funds represent more than 65% of the industry and 9% of funds of funds control more than 33% of the assets.
