This book will serve as an important milestone in the evolution of the hedge fund industry. After a few decades of modest growth, the hedge fund industry since 1990 is experiencing dramatic acceleration in its growth of both assets and number of funds. In our view, hedge fund industry is at a strategic inflection point and the balance of forces is shifting from old structure and old way of investing to the new. We have attempted to analyze the fundamental changes that the hedge fund industry is undergoing; presenting the industry's past, projected its future growth and predicted its structural evolution for the next decade. This is an analysis of the fundamental changes that the hedge fund industry is undergoing; its past, its projected future growth and its predicted structural evolution for the next decade.
