Hedge Fund Survey: The hedge fund industry continues to mature, and new practices have now almost entirely superseded the old hedge fund model. Those that survived the financial crisis are looking ahead and focusing on growth with a resigned acceptance of regulatory and reporting intrusions.

With maturity, the normal tribulations of managing large, diverse businesses have arisen. Hedge funds must now relentlessly focus on operational efficiency and costs to maintain margins.

The industry is also experiencing polarity, with the largest firms succeeding thanks to size and scale and the smallest thriving by virtue of simplicity. The middle ground, on the other hand, looks quite challenging.

Get all the details from our 2013 global hedge fund survey:

2013 Global Hedge Fund SurveySource: EY