Aksia LLC (Aksia), a specialist hedge fund research and portfolio advisory firm, recently released the results of its 2013 Hedge Fund Manager Survey (Survey), which covered two broad areas of inquiry: predictions for the world economy and the financial markets in 2013 and the state of the hedge fund industry. More specifically, with respect to economic and financial market issues, the Survey revealed hedge fund managers’ predictions concerning U.S. economic growth, unemployment and inflation; Chinese economic growth
; Euro zone concerns
; sources of economic concern for 2013; and market liquidity. With respect to hedge fund industry issues, the Survey revealed hedge fund managers’ perspectives on the composition of hedge fund assets under management; fund fees; fund liquidity; changes in advertising practices following passage of the Jumpstart Our Business Startups (JOBS) Act
; fund transparency and reporting; and high-frequency trading. This article summarizes key findings from the Survey and compares some of the findings against those from a similar study conducted by Aksia one year ago. See “Aksia’s 2012 Hedge Fund Manager Survey Reveals Managers’ 2012 Predictions Regarding Tail Risk Hedges, Portfolio Transparency, Movement of Balances Away from Counterparties and More
,” Hedge Fund Law Report, Vol. 5, No. 2 (Jan. 12, 2012).