If Warren Buffet is the "Oracle of Omaha", then Robert Zuccaro is the prophet of pecuniary projections.

Despite having to factor in the financial impact of the worst pandemic in a century, Zuccaro - founder and chief investment officer of Delray Beach, Fla., quantitative specialist Golden Eagle Strategies - was remarkably close with his prediction a year ago that the hedge fund industry would grow 6% by the end of 2021.

The industry had $3.57 trillion of assets entering December - a 6.3% gain from the $3.36 trillion at yearend 2020, according to the latest figures by eVestment. What's more, the industry was on pace for it's first year of positive inflows since 2017.

Zuccaro, one of 55 professionals who took Hedge Fund Alert's 2020 annual survey forecasting the size of the industry, said he arrived at his figure by looking at the 10-year averages for equity long-bias strategies (6.1%) and all equities (5.6%), then rounding up the combination. He predicts hedge fund assets will grow by 7% in 2022.

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