For decades, all you needed to launch a hedge fund was two guys, a dog and a Bloomberg terminal in a garage, according to the adage.
Starting a hedge fund is harder than ever. Here’s who survived 2020’s emerging hedge fund class.
October 13, 2025 08:00 PM
Key Takeaways
- Pensions & Investments examined the list of hedge funds that presented at the June 2020 Goldman Sachs emerging managers conference to see five years later how many of those funds survived.
- A little over five years later, out of 44 funds, 13 — almost 30% — were managing more than $1 billion in assets.
- Another 17 funds, or 39%, were open and managing less than $1 billion in assets under management.
- Performance and starting assets under management are key to survivorship in the industry, sources said.
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