Ernst & Young (EY) recently released its 2014 Global Hedge Fund and Investor Survey.  The survey covered areas of potential growth for hedge fund managers, challenges and costs associated with growth, expense ratios, investments in operations and cybersecurity concerns.  This article offers a detailed discussion of the survey findings.  For HFLR coverage of last year’s EY survey, see “Ernst & Young’s 2013 Global Hedge Fund and Investor Survey Describes Trends in Asset Sourcing, Alternative Mutual Funds, Customized Solutions, Staffing, Administrator Shadowing, Expense Pass-Throughs and Outsourcing,” Hedge Fund Law Report, Vol. 6, No. 46 (Dec. 5, 2013).  For HFLR coverage of EY surveys from prior years, see 2012 survey, 2011 survey, and 2009 survey.