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Hedge Fund Leverage
Hedge funds’ aggregate gross assets per dollar of net assets, from SEC Form PF statistics, quarterly
Plays the chart through its history. Pauses are where the data set a record or moved most.
SEC Division of Investment Management, Private Fund Statistics (Form PF filers: SEC-registered advisers above the Form PF size threshold for private fund assets). Ratio of the published aggregate gross and net assets of hedge funds, calculated by Palanor. Derivatives exposure is not included.
How many dollars of assets hedge funds hold for each dollar their investors put in. A higher ratio means more borrowing on the funds’ balance sheets, the leverage regulators watch for forced selling.
What this chart reads
- Hedge Fund Gross-to-Net Asset Ratio (SEC Form PF, quarterly)as “Gross assets ÷ net assets”latest 2025-12-31
Sources
Hedge Fund Gross-to-Net Asset Ratio (SEC Form PF, quarterly). Source: U.S. Securities and Exchange Commission, Division of Investment Management, Analytics Office: Private Fund Statistics and supporting data (www.sec.gov/data-research/investment-management-data), U.S. government work in the public domain; the SEC asks for citation as the source. Ratio calculated by Palanor.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.