History
In 1949, Alfred Winslow Jones, a journalist and sociologist, launched the first hedge fund (or “hedged fund” as he called it at the time) after becoming fascinated with stock-market forecasting. His investment strategies were extremely successful, and many individuals and financial firms started their own hedge funds. Today, more than 30,000 hedge funds operate worldwide with roughly $5.13 trillion in combined assets under management (AUM) as of Q2 2024, according to BarclayHedge. This was a significant increase from the 3,873 funds in 2000, and only 200 funds in 1968.
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