North American hedge fund managers, and US managers in particular, are more confident about the prospects for their businesses going into 2024 than their global peers, according to the latest AIMA Hedge Fund Confidence Index (HFCI).

Produced in partnership with Simmons & Simmons and Seward and Kissel, the HFCI provides a snapshot of manager confidence in the economic prospects of their business for the coming 12 months.

Based on a sample of 235 hedge funds worldwide (accounting for circa $2tn in assets under management) that participated in the industry poll taken throughout the week commencing 11 December, the average measure of confidence measured +15.6, a decrease of six points from the previous quarter, and just below the average score of +17.7.

North American hedge fund managers led the way with an average confidence score of +16.7, followed by APAC managers at +15.7. UK managers meanwhile, dropped from top spot in the frankings with a 10-point decline in confidence since Q3 to +12.7.