Covid-19 in the countries with the largest hedge fund markets: It’s been a little over four months since the world went into lockdown. Some industries paused. Some ground to a halt. Others have had to pivot. For hedge fund managers, the relentless pace of business is one of the few things that hasn’t changed. Markets and their indices have lurched on regardless, requiring all investment professionals to adapt in parallel with – not before – their daily tasks and routines. How successful have they been?
In June, HFM surveyed 83 hedge fund professionals – the results paint a picture of an industry in flux, but also one that will see just as many opportunities as it will obstacles in the months ahead. Raising assets is a good example. No doubt there have – and will – be significant challenges regarding sales and marketing. Indeed, our research shows that half of all managers lost an investor meeting as a result of the pandemic, and almost one in six an allocation. But furthermore, one in three managers reported fresh investor interest as a direct result of the crisis. Anecdotal evidence and search data suggest investors are including hedge funds in their plans for H2.