(HedgeCo.Net). For more than a decade, the hedge fund industry has lived in a paradox: indispensable to institutional portfolios, yet perpetually questioned in public markets. Fees were debated, “alpha drought” narratives came and went, and investors periodically swung between love and skepticism. Now, Hedge Fund Research (HFR) has put a hard number on the industry’s latest turning point: global hedge fund capital has surged past the historic $5 trillion mark for the first time, ending 2025 at a...
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