> The vast majority of hedge fund clients are high net worth individuals, with very few pension clients for the typical hedge fund. That is very, very wrong. H

> The vast majority of hedge fund clients are high net worth individuals, with very few pension clients for the typical hedge fund. That is very, very wrong. HNW have to small tickets to be interesting for most hedge funds, where the minimum ticket size is around $10M. The KYC is also much more complicated for invividuals, risk profiles are generally not aligned, and overall most individuals are not sophisticated enough to be a good fit as client. I say that after close to 20 years in the HF industry, and 2 partners positions... I would estimate the ratio to be 95/5 for institutional/individual. > Think about it for a second. There are a very few finite number of pension funds and a relatively huge number of high networth clients. There is actually a a really large pool of pension funds, funds of funds, and overall institutional investors out there. Basically most schools have endowments funds, every groupment of companies will have a fund for their employees, there's all the insurance companies, the state / countries pension funds, all the various banks and wealth managers, etc. > Hege fund clients are almost all high net worth individuals who are very capable of making their own financial decisions Definitely not. Most HF have specific risk profiles and/or characteristics, that are not suited for individuals. Most HNW go to CTAs instead which are much easier to understand and advertise.