What do the next five years hold for hedge funds? Amy Bensted shares the results of recent research. : What do the next five years hold for hedge funds? We posed that question to more than 300 fund managers and 120 institutional investors in alternatives in mid-2018. Our survey and research revealed several fascinating trends. Based on the industry’s viewpoint and our proprietary data, we predict that the hedge fund industry will grow by 31% in the next five years, reaching $4.7 trillion in 2023.