Core Insights - The hedge fund industry achieved its best performance since 2009, with a return of approximately 12.6% last year [1] - The industry's total assets reached $5 trillion, benefiting from market volatility driven by the AI boom, geopolitical tensions, and interest rate uncertainties [1] - Major funds managed by industry leaders like D.E. Shaw & Co. and Millennium Management reported double-digit returns [1] - Bridgewater Associates' flagship fund, Pure II, recorded a historic high return of 34% [1]