Back to the Future

Six top investors previously featured on the cover of Alpha offer their insights into what the next five years could be like for hedge funds.

December 28, 2025

The past five years have been very, very good to hedge funds. Assets under management have nearly tripled — to more than $1.8 trillion — as pension funds, endowments and other institutions have turned to absolute-return strategies in search of alpha. But the ongoing credit

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