ValueWalk – Although the hedge fund industry has been steadily recovering from when it hit rock bottom in 2008, it still is underperforming some key benchmarks. Nonetheless, institutional investors are still happy with the industry’s performance, as IBISWorld reports that returns on Hedge Funds have surpassed 84% of institutional investors’ expectations in the last five years.
According to IBIS, assets under management in U.S. hedge funds surged 18.2% in 2013. As a result, the firm estimates that revenue across the whole hedge fund industry in the U.S. will rise at a 7.9% annualized rate from 2010 through this year, which would mean revenue could go as high as $70.7 billion this year. That includes this year’s expected 7.5% increase in revenue.
