AIMA Hedge Fund Confidence Index (HFCI)
Q4 2024
This edition of the HFCI surveyed 100 hedge fund firms worldwide, collectively managing over $590 billion in assets under management (AUM). This HFCI offers an exclusive glimpse into hedge funds’ outlook on the economic prospects of their businesses for 2025. The results show an average confidence score of +18.8, the highest Q4 reading since records began in 2020. Overall, 86% of respondents reported a positive confidence score, a marginal drop from 91% in Q3.
Q3 2024
The Q3 2024 edition of the HFCI surveyed 133 hedge fund firms worldwide, collectively managing just over $800 billion in assets under management (AUM). The results show an average confidence index of +20, up from +16.5 and above the rolling average of +17.8. Overall, just over 91% of respondents in Q3 2024 reported a positive confidence score, effectively in line with Q2 2024, but down from the 97% that reported a positive score in Q3 2023.
Q2 2024
The Q2 2024 edition of the HFCI surveyed approximately 250 hedge fund firms worldwide, collectively managing approximately $2 trillion in assets. The results show an average confidence level of +16.5, down slightly from Q1 (+19) and below the rolling historic average of +17.7.
Q1 2024
The Q1 2024 edition of the Hedge Fund Confidence Index (HFCI) surveyed approximately 180 hedge fund firms worldwide, collectively managing approximately US$900 billion in assets. The results show an average confidence level of +19, an increase of three points from the previous quarter.
Survey respondents reported a higher confidence levels than in the last quarter of the previous year, which continues an emerging trend over 14 quarters whereby Q1 confidence levels after Q4 lows. As a measure of the entire population surveyed, over 85% of those polled in the first quarter had a positive confidence score.