The Alternative Investment Management Association (AIMA) published its Hedge Fund Confidence Index (HFCI) for Q4 2023, which provides a snapshot of fund managers confidence in their economic prospects of their business for the coming 12 months.
Based on a sample of 235 hedge funds (accounting for approx. US$2 trillion in assets under management) that participated in the industry poll taken throughout the week commencing 11th December, the average measure of confidence is +15.6, a decrease of six points from the previous quarter, and just below the average score of +17.7.
A regional analysis shows that North American respondents, dominated by US hedge funds, are the most confident going into 2024.
In addition to AIMA’s regular analysis highlighting confidence scores by AUM, region and size, this edition includes a new feature showing what is driving confidence among hedge funds.