In late 2021, the Alternative Investment Management Association (AIMA) and KPMG examined key operational issues affecting hedge funds and how the industry is emerging from the coronavirus pandemic. Their survey covered the impact of the hybrid work environment; operations and outsourcing; attracting and retaining talent; capital raising and investor relations; responsible investing; evolving product offerings; regulatory challenges; and taxation. “The last AIMA/KPMG annual report focused on how hedge fund managers were managing the economic upheavals caused by the coronavirus pandemic,” Tom Kehoe, AIMA’s managing director and global head of research and communications, told the Hedge Fund Law Report. “We found an industry agile and resilient in the face of massive market disruption.” This year, AIMA and KPMG found “an industry poised to accelerate out of the pandemic, with firms adopting new approaches to improve the efficiency of their business models and developing new investor solutions to deepen their alignment with investor clients,” he explained. This article reviews the key findings from the survey, with additional insights from Kehoe. See “Hedge Fund Industry Remains Agile and Resilient, According to Recent KPMG/AIMA Survey” (Oct. 8, 2020).