Chief executive officer of the Alternative Investment Management Association launched a staunch defence of the hedge fund industry’s fees and performance, although he acknowledged that the term hedge fund did not “always conjure up a good feeling”.

Speaking to delegates attending the Pensions and Lifetime Savings Association in Edinburgh on March 10, Jack Inglis said that some of the recent press coverage concerning hedge fund performance, in particular during 2015, had not been "necessarily in touch with the reality".