(FINalternatives) The global hedge fund industry employs close to 400,000 people, an increase of about a third since 2010, according to new research by the Alternative Investment Management Association (AIMA) and data provider Preqin. Globally, around 115,000 staff work at hedge fund management firms, and a further 275,000 at hedge fund service providers such as including lawyers, auditors, administrators and prime brokers, the companies said in a joint statement. The data excludes consultants for IT, public relations and marketing.

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