This table shows the aggregate assets and liabilities of hedge funds that file Form PF with the Securities and Exchange Commission. Unlike table B.101.f in the regular Financial Accounts publication, which reports assets and liabilities of domestic hedge funds only, this table presents data on all hedge funds that file Form PF, both domestic and foreign.

Pseudo database of the commercial union hedge fund database; SAS and STATA files of codes

ABSTRACT This paper investigates if opacity (as measured by derivatives usage) creates value for investors and the managers of hedge funds that charge performance fees. Since we do not identify a positive relation between opacity and managers’ revenue, it is not possible to state that opacity is a source of manager’s value creation for hedge fund investors and managers. However, considering that opacity is positively associated with risk-taking and negatively related with investors’ adjusted returns, we suggest policies aiming at protecting investors, especially those less qualified. We examine a unique and comprehensive database related to the positions in derivatives taken by managers, which was enabled due to specific disclosure regulatory demands of the Brazilian Securities Exchange Commission, where detailed information on hedge funds’ portfolio allocation should be provided on a monthly basis.

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Hedge Fund Market in US Size 2025-2029

The US hedge fund market size is forecast to increase by USD 738 billion at a CAGR of 8.1% between 2024 and 2029.

US Hedge Fund Market is experiencing significant growth due to increasing investor interest in alternative investment options. This trend is driven by the desire for higher returns and risk diversification, leading to a surge in assets under management. Furthermore, technological advancements are transforming the hedge fund industry, enabling companies to offer innovative solutions and improve operational efficiency. However, the market is not without challenges. Regulatory constraints continue to pose significant obstacles, with stringent regulations governing fund operations, investor protection, and transparency.
Compliance with these regulations requires substantial resources and expertise, presenting a significant challenge for hedge fund managers. Companies seeking to capitalize on market opportunities and navigate these challenges effectively must stay informed of regulatory developments and invest in robust compliance frameworks. Additionally, leveraging technology to streamline operations and enhance transparency can help hedge funds remain competitive and meet investor demands.

What will be the Size of the Hedge Fund Market in US during the forecast period?

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US hedge funds market activities and evolving patterns continue to unfold, shaping the industry's landscape. Hedge funds employ various strategies, such as quantitative methods, algorithmic trading, and relative value strategies, to manage risk and generate alpha. Investor relations play a crucial role in attracting and retaining capital from high-net-worth individuals, family offices, pension funds, and institutional investors. Fund of funds and multi-strategy funds offer diversification, while big data analytics and alternative data inform investment decisions. Machine learning and artificial intelligence enhance risk management and performance measurement. Regulatory compliance and transparency are essential components of hedge fund operations, ensuring liquidity and mitigating drawdowns.
Market dynamics are influenced by various factors, including hedge fund leverage, volatility, and capacity. Hedge fund managers must navigate these complexities to deliver competitive returns, employing due diligence and effective fee structures. Hedge fund distribution channels, such as conferences and sales efforts, facilitate access to new investors. The hedge fund market is a continually evolving ecosystem, where technology, regulatory requirements, and investor expectations shape the industry's future. Hedge fund liquidation and exit strategies, performance fees, and risk appetite are critical considerations for hedge fund managers and investors alike. Ultimately, the hedge fund industry's success hinges on its ability to adapt and innovate in a rapidly changing financial landscape.

How is this Hedge Fund in US Industry segmented?

The hedge fund in US industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Offshore
  Domestic
  Fund of funds


Method

  Long and short equity
  Event driven
  Global macro
  Others


End-user

  Institutional
  Individual


Fund Structure

  Small (
  Medium (USD500M-USD2B)
  Large (>USD2B)


Investor Type

  Institutional
  High-Net-Worth Individuals


Geography

  North America

    US

By Type Insights

The offshore segment is estimated to witness significant growth during the forecast period.

The offshore segment of the hedge fund market in the US houses funds that are managed or marketed by American firms but are domiciled and operated in offshore jurisdictions. These funds, located in financial centers known for their favorable regulatory environments, tax treatment, and legal infrastructure, offer investors tax efficiency through lower or zero taxation on investment income, capital gains, and distributions. The reduced regulatory burden in offshore jurisdictions enables greater flexibility in fund operations, investment strategies, and disclosure obligations, making offshore hedge funds an appealing choice for tax-conscious investors. Portfolio construction, risk management, and hedge fund allocation strategies are crucial elements for these funds, with relative value and long-short equity strategies commonly employed.

Performance fees and management fees are the primary revenue sources for hedge fund managers, while family offices and institutional investors provide significant hedge fund capital. Regulatory compliance and due diligence are essential for investors, ensuring transparency and performance measurement. Hedge fund research, risk appetite, and investor r

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Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Net Assets data was reported at 37,044.418 SEK mn in Mar 2025. This records a decrease from the previous number of 37,427.513 SEK mn for Feb 2025. Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Net Assets data is updated monthly, averaging 40,484.164 SEK mn from Jan 2013 (Median) to Mar 2025, with 147 observations. The data reached an all-time high of 60,246.922 SEK mn in Jul 2018 and a record low of 28,926.934 SEK mn in Mar 2024. Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Net Assets data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O027: Net Savings and Net Assets: by Type of Funds.

Hong Kong HK Investment Fund: Redemption: Other Funds data was reported at 19.530 USD mn in Jul 2018. This records a decrease from the previous number of 26.640 USD mn for Jun 2018. Hong Kong HK Investment Fund: Redemption: Other Funds data is updated monthly, averaging 27.960 USD mn from Jan 2005 (Median) to Jul 2018, with 163 observations. The data reached an all-time high of 123.530 USD mn in Apr 2015 and a record low of 1.930 USD mn in Apr 2005. Hong Kong HK Investment Fund: Redemption: Other Funds data remains active status in CEIC and is reported by Hong Kong Investment Funds Association. The data is categorized under Global Database’s Hong Kong – Table HK.Z038: HK Investment Funds Association Statistics. Other Funds - including leveraged funds, guaranteed funds and hedge funds. Guaranteed Funds and Hedge Funds have been grouped under 'Other Funds' category since May 2012.

Hong Kong HK Investment Fund: Sale: Other Funds data was reported at 23.220 USD mn in Aug 2018. This records a decrease from the previous number of 23.650 USD mn for Jul 2018. Hong Kong HK Investment Fund: Sale: Other Funds data is updated monthly, averaging 27.925 USD mn from Jan 2005 (Median) to Aug 2018, with 164 observations. The data reached an all-time high of 119.360 USD mn in Apr 2015 and a record low of 1.980 USD mn in Jun 2005. Hong Kong HK Investment Fund: Sale: Other Funds data remains active status in CEIC and is reported by Hong Kong Investment Funds Association. The data is categorized under Global Database’s Hong Kong – Table HK.Z038: HK Investment Funds Association Statistics. Other Funds - including leveraged funds, guaranteed funds and hedge funds. Guaranteed Funds and Hedge Funds have been grouped under 'Other Funds' category since May 2012.

Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Sales data was reported at 718.083 SEK mn in Mar 2025. This records an increase from the previous number of 616.307 SEK mn for Feb 2025. Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Sales data is updated monthly, averaging 1,257.396 SEK mn from Jan 2013 (Median) to Mar 2025, with 147 observations. The data reached an all-time high of 7,596.507 SEK mn in May 2024 and a record low of 272.184 SEK mn in Sep 2023. Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Sales data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O027: Net Savings and Net Assets: by Type of Funds.

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Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Redemptions data was reported at 711.918 SEK mn in Mar 2025. This records a decrease from the previous number of 1,052.819 SEK mn for Feb 2025. Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Redemptions data is updated monthly, averaging 1,340.886 SEK mn from Jan 2013 (Median) to Mar 2025, with 147 observations. The data reached an all-time high of 7,521.987 SEK mn in May 2018 and a record low of 410.190 SEK mn in Aug 2021. Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Redemptions data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O027: Net Savings and Net Assets: by Type of Funds.

Sweden Net Savings and Net Assets: Hedge Funds data was reported at 1,117.680 SEK mn in Sep 2024. This records an increase from the previous number of -499.690 SEK mn for Jun 2024. Sweden Net Savings and Net Assets: Hedge Funds data is updated quarterly, averaging -499.690 SEK mn from Mar 2010 (Median) to Sep 2024, with 59 observations. The data reached an all-time high of 10,112.330 SEK mn in Jun 2022 and a record low of -7,091.200 SEK mn in Mar 2023. Sweden Net Savings and Net Assets: Hedge Funds data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O029: Net Savings and Net Assets: by Type of Funds and Category: Quarterly.

New Savings & Net Assets: Hedge Funds: ytd: Net Sales data was reported at -642.915 SEK mn in Mar 2025. This records a decrease from the previous number of -641.299 SEK mn for Feb 2025. New Savings & Net Assets: Hedge Funds: ytd: Net Sales data is updated monthly, averaging -295.921 SEK mn from Jan 2010 (Median) to Mar 2025, with 183 observations. The data reached an all-time high of 12,223.070 SEK mn in Nov 2022 and a record low of -11,721.051 SEK mn in Dec 2023. New Savings & Net Assets: Hedge Funds: ytd: Net Sales data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O027: Net Savings and Net Assets: by Type of Funds.

Sweden New Savings & Net Assets: Hedge Funds: Year to Date: Redemptions data was reported at 2,972.093 SEK mn in Mar 2025. This records an increase from the previous number of 2,252.139 SEK mn for Feb 2025. Sweden New Savings & Net Assets: Hedge Funds: Year to Date: Redemptions data is updated monthly, averaging 9,807.745 SEK mn from Jan 2010 (Median) to Mar 2025, with 183 observations. The data reached an all-time high of 31,535.422 SEK mn in Dec 2018 and a record low of 644.784 SEK mn in Jan 2022. Sweden New Savings & Net Assets: Hedge Funds: Year to Date: Redemptions data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O027: Net Savings and Net Assets: by Type of Funds.

Sweden Net Savings and Net Assets: Hedge Funds: Swedish Corporations data was reported at 530.810 SEK mn in Sep 2024. This records an increase from the previous number of -40.880 SEK mn for Jun 2024. Sweden Net Savings and Net Assets: Hedge Funds: Swedish Corporations data is updated quarterly, averaging -65.020 SEK mn from Mar 2010 (Median) to Sep 2024, with 59 observations. The data reached an all-time high of 1,994.410 SEK mn in Jun 2015 and a record low of -2,841.310 SEK mn in Jun 2020. Sweden Net Savings and Net Assets: Hedge Funds: Swedish Corporations data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O029: Net Savings and Net Assets: by Type of Funds and Category: Quarterly.

New Savings & Net Assets: Hedge Funds: Net Sales data was reported at -1.616 SEK mn in Mar 2025. This records an increase from the previous number of -445.095 SEK mn for Feb 2025. New Savings & Net Assets: Hedge Funds: Net Sales data is updated monthly, averaging -167.686 SEK mn from Jan 2010 (Median) to Mar 2025, with 183 observations. The data reached an all-time high of 6,930.629 SEK mn in May 2024 and a record low of -5,417.453 SEK mn in Jan 2023. New Savings & Net Assets: Hedge Funds: Net Sales data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O027: Net Savings and Net Assets: by Type of Funds.

Sweden New Savings & Net Assets: Hedge Funds: Year to Date: Sales data was reported at 2,329.178 SEK mn in Mar 2025. This records an increase from the previous number of 1,610.841 SEK mn for Feb 2025. Sweden New Savings & Net Assets: Hedge Funds: Year to Date: Sales data is updated monthly, averaging 8,725.551 SEK mn from Jan 2010 (Median) to Mar 2025, with 183 observations. The data reached an all-time high of 30,124.908 SEK mn in Dec 2015 and a record low of 559.947 SEK mn in Jan 2024. Sweden New Savings & Net Assets: Hedge Funds: Year to Date: Sales data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O027: Net Savings and Net Assets: by Type of Funds.

Sweden Net Savings and Net Assets: Hedge Funds: Investment Savings Account data was reported at 410.600 SEK mn in Sep 2024. This records an increase from the previous number of -245.540 SEK mn for Jun 2024. Sweden Net Savings and Net Assets: Hedge Funds: Investment Savings Account data is updated quarterly, averaging 145.560 SEK mn from Mar 2014 (Median) to Sep 2024, with 43 observations. The data reached an all-time high of 1,928.780 SEK mn in Jun 2022 and a record low of -2,124.810 SEK mn in Mar 2023. Sweden Net Savings and Net Assets: Hedge Funds: Investment Savings Account data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O029: Net Savings and Net Assets: by Type of Funds and Category: Quarterly.

Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Year to Date: Sales data was reported at 2,326.063 SEK mn in Mar 2025. This records an increase from the previous number of 1,607.979 SEK mn for Feb 2025. Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Year to Date: Sales data is updated monthly, averaging 8,868.083 SEK mn from Jan 2013 (Median) to Mar 2025, with 147 observations. The data reached an all-time high of 30,064.881 SEK mn in Dec 2015 and a record low of 559.571 SEK mn in Jan 2024. Sweden New Savings & Net Assets: excl. PP: Hedge Funds: Year to Date: Sales data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O027: Net Savings and Net Assets: by Type of Funds.

Sweden Net Savings and Net Assets: Hedge Funds: Premium Pension Savings data was reported at -13.750 SEK mn in Sep 2024. This records a decrease from the previous number of -5.170 SEK mn for Jun 2024. Sweden Net Savings and Net Assets: Hedge Funds: Premium Pension Savings data is updated quarterly, averaging -1.550 SEK mn from Mar 2010 (Median) to Sep 2024, with 59 observations. The data reached an all-time high of 4,638.460 SEK mn in Jun 2022 and a record low of -3,729.100 SEK mn in Sep 2022. Sweden Net Savings and Net Assets: Hedge Funds: Premium Pension Savings data remains active status in CEIC and is reported by Swedish Investment Fund Association. The data is categorized under Global Database’s Sweden – Table SE.O029: Net Savings and Net Assets: by Type of Funds and Category: Quarterly.