Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies

Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies

Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies

Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies

Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies

Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies

Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies

Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies

Asset management is an industry and it is constantly changing.

Hedge funds are not an industry. Hedge funds are defined by what they are not, they are not traditional asset management strategies that can be offered for public sale.

Since the definition of “traditional” and the rules for public sale are changing to include many former hedge fund strategies, many existing hedge funds will no longer be considered hedge funds in 15 years, in the same way that some slang expressions become accepted into a language.

Other hedge fund strategies will continue to operate much as they do today.

New hedge fund strategies will develop, exploiting new asset classes and investment techniques. This is the natural evolution of finance that has been going on for many decades. Aggressive managers explore new territory and try out new techniques. Some of these succeed and generate alpha. More managers pour into the new areas, increasing knowledge about the assets and strategies, increasing liquidity and clarifying legal aspects. Fees compress as more competitors are offering similar products and high-cost innovators are replaced by low-cost generic managers. Eventually the new asset class becomes part of indexes available to everyone at minimal cost, and the new strategies are incorporated in traditional portfolios. Meanwhile, the aggressive innovators are developing new assets and strategies