The Eurekahedge North American Hedge Fund Database contains data on 3,850 funds1, based partly on which, we estimate the current size of the region’s hedge fund industry at 4,670 funds, managing about US$1 trillion in assets. This, despite a decline in both the number of funds and assets through 2008, marks an annualised increase of 6% and 12% in the number of funds and AuM respectively, since end-2003. Figure 1 shows the growth in the region’s hedge fund space over the past decade.