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Hedge Fund Managers Continue To Be Upbeat About Prospects

AIMA's Global Hedge Fund Confidence Index - a measure of the confidence hedge fund managers have about the prospects for their business in the coming 12 months that the trade body publishes with law firms Simmons&nd Simmons and Seward & Kissel - rose again in Q3 for the fourth consecutive quarter.

AIMA asks managers for a score of between -50 and +50; overall, 99% of the 300-odd managers surveyed gave a positive response, with 42.3% of respondents falling into the +11-20 range and 50.2% falling in the +21-30 range. 

Not all regions delivered an improved score, however. North American-based managers' confidence fell to an average of +20.4, down 2 points when compared to the second quarter of the year, but their sentiment clearly remains positive.

“Prospects for the hedge fund industry are as strong as they have been in many years, underpinned by solid industry performance and renewed investor interest. Despite several industry headwinds including COVID variants, increased regulatory scrutiny as well as operational challenges for the industry to consider, hedge funds globally remain cautiously optimistic regarding the economic prospects of their business over the coming 12 months," said Tom Kehoe, global head of research and communications at AIMA.

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