As the COVID-19 pandemic has impacted global markets and economies, hedge funds have, on the whole, successfully fulfilled their role in investor portfolios, with the majority of strategies notching positive returns. CohnReznick recently hosted a discussion in which allocators and alternative fund professionals examined how the industry is adapting to the evolving landscape and the changing nature of investor relationships. They explored developments across a range of major themes and topics, from fees, incentives, and due diligence to how industry initiatives such as the evolving Open Protocol and the growing use of technology are boosting transparency and disclosure in the sector.