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GLOBAL MARKETS | MACRO SHIFTS

2026 Hedge Fund Outlook: Positive momentum

Contributors: Strategic Consulting team

The hedge fund industry enters 2026 with positive momentum, underpinned by the highest inflows in almost two decades. Using data from a survey of 340+ investors representing $7.8 trillion in assets under management (AUM), our Strategic Consulting team identifies three key takeaways that will shape 2026.

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CHAPTERS

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Strategic Consulting team

Ermanno Dal Pont

Ermanno Dal Pont

Co-Head of Capital Solutions

Mr. Dal Pont is Co-Head of Capital Solutions at Barclays, based in London. Mr. Dal Pont joined Barclays in 2010 from Prudential PLC, where he was Head of Strategic Projects. Prior to Prudential, he was at Lehman Brothers, first in the Strategy and Corporate Development Group, and then in the Principal Investing division. Mr. Dal Pont spent his first six years of his career as a consultant for McKinsey & Company, advising Asset Managers and other financial institutions. Mr. Dal Pont holds an MBA from Columbia Business School and a degree in Economics from Bocconi University, Italy.

Roark Stahler

Roark Stahler

US Head of Strategic Consulting

Mr. Stahler is the US Head of Strategic Consulting at Barclays. Mr. Stahler joined Barclays in 2008 as a member of the Strategy team working on various projects across the Investment Bank. Prior to joining Barclays, he worked as a consultant for McKinsey & Company, advising Asset Managers and other financial institutions as well as several other client types. Mr. Stahler holds an MBA as well as a BA from the Stern School of Business at New York University.

Siddhartha Agarwal

Siddhartha Agarwal

Vice President, Barclays Capital Solutions Strategic Consulting

Mr. Agarwal is a Vice President on the Barclays Capital Solutions Strategic Consulting team, which he joined in 2022. Prior to joining Barclays, he was in the Strategy and Corporate Development teams at the Commonwealth Bank and Westpac Banking Group in Australia, and a consultant for McKinsey & Company advising Asset Managers and other financial institutions. Mr. Agarwal holds an MBA from Tuck School of Business at Dartmouth and a Bachelors in Engineering from Indian Institute of Technology.

Will Church

Will Church

Assistant Vice President, Barclays Capital Solutions Strategic Consulting

Mr. Church is an AVP on the Barclays Capital Solutions Strategic Consulting team, which he joined in 2023. Prior to joining Barclays, he worked as a Business Strategy Consultant at NTT DATA. Mr. Church holds a BA in Management from Leeds University and a CFA Investment Management Certificate.

Andrew Zaback

Andrew Zaback

Assistant Vice President, Barclays Capital Solutions Strategic Consulting

Mr. Zaback is an Analyst on the Barclays Capital Solutions Strategic Consulting team, which he joined in 2023. Mr. Zaback holds a BA in Finance from the University of Notre Dame.

2026 Hedge Fund Outlook

Contact the Strategic Consulting team for the full report.

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