A total of 42 hedge fund deals were closed or announced globally in 2015, exceeding the 32 transactions that closed in 2014, according to the 4th edition of Madison Capital’s hedge fund industry M&A overview. Additionally, 2015 transaction volume as measured by AUM was approximately 27% higher than 2014. Propelled by the wave of transactions in the fourth quarter of 2015, there are other key drivers creating deal momentum, positioning 2016 to be a record year in terms of hedge fund M&A transactions.