Confidence among hedge funds managers globally is on the increase with the Alternative Investment Management Association’s Hedge Fund Confidence Index (HFCI) rising by seven points to 21.6 in the third quarter of year from 14.6 in Q2.
The index is based on the responses from a sample of 300 hedge funds accounting for approximately $2.2tn in assets that participated in the industry poll taken throughout the week ending 29 September 2023.
According to AIMA, this quarter’s score is likely bolstered by an overweighting of larger hedge fund managers (those with an AUM greater than $1bn), who historically record higher scores. The latest survey is also overweight hedge funds pursuing equity-focused strategies that are enjoying a resurgence, contributing to the confidence uplift.
Almost all (97%) hedge fund respondents recorded a positive confidence score with all regions and almost all strategies’ confidence scores back above their respective rolling averages.
