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Hedge funds · Source announcement

AIMA and Marex survey finds emerging hedge fund breakeven has risen to US$82.9m

By Dan Keegan · Page updated

The fifth Emerging Manager Survey shows smaller hedge funds building headcount and infrastructure earlier, with higher costs to reach breakeven.

An AIMA article published on 21 September 2026 summarised Stacking Up: Emerging Manager Survey 2026, co-authored by Marex and AIMA, using responses from 180 hedge fund managers with up to US$1 billion in assets and 50 institutional investors.

In the survey, emerging managers employed an average of 10 people, compared with 7 in the previous edition.

The reported average breakeven for the surveyed managers rose by almost a fifth to US$82.9m.

86% of investors in the study cited operational due diligence as the biggest barrier to allocation.

Across respondents, management fees averaged 1.43%, while reported performance fees moved from 16.22% in the 2024 survey to 16.24% in the 2026 edition.

Primary source

AIMA (article by Marex) ↗

Written for Rainmakrr from the source above. The announcement was published 21 September 2026.

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