We are pleased to share the 2025 Edition of the Seward & Kissel Established Manager Hedge Fund Study, highlighting investment manager clients with over five years in business and $1 billion+ in regulatory assets primarily attributable to hedge funds. The 2025 Edition focuses solely on Established Managers who set up new classes or series, or launched new funds in 2024.

Key findings from The Study: 

• Bespoke hedge fund strategies surged to 38% of the total, up from just 10% the previous year.
• Traditional strategy funds charged higher management fees (1.8%), while bespoke funds used a sliding scale from 1.25% to 0.60%.
• All long-only bespoke funds introduced incentive allocations with market-tied hurdles, unlike the prior year.
• Traditional funds favored master-feeder structures, while bespoke funds were mostly stand-alone U.S. entities with varied liquidity terms.

To download a copy of the Study, please complete and submit the form by clicking here.