![]() For those who want to learn finance< M&A and corporate development we recommend to subscribe to M&A Science podcast. If you want to know how to join the ranks of those that work in the industry, keep reading. It employs over 90,000 people in the US alone, meaning that, despite having a reputation as a closed corner of the finance industry, it’s actually one of its biggest employers. Over 70 years later, the global hedge fund market was estimated at approximately $4 trillion at the start of 2022. This hedging strategy he developed is thought of as the first hedge fund. In 1949, an economist called Alfred Winslow Jones created a market neutral portfolio that separated two risks - market risk and idiosyncratic risk - enabling him to go long on equities that he predicted would rise with the market, at the same time as going short on stocks that he believed would move in the opposite direction. Although hedge funds came to real prominence in the 1990s with the ill-fated Long Term Capital Management (LTCM), hedge funds have a history that goes back to the 1940s.
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