Rothstein Kass, the provider of audit, tax, accounting and advisory services to private investment funds and their advisers, recently released the results of a survey of 313 hedge fund managers conducted in January of this year. The survey provides market color on a wide range of relevant topics, and highlights the differing perceptions among larger and smaller managers. Topics covered by the survey include: registration; talent mobility; optimism among managers; seeding; hedge fund industry consolidation; where the next investment bubble will develop and when it will pop; leverage and liquidity; capital raising; family offices; technology; the role of consultants; fees; outsourcing; branding and communications; and anticipated areas of regulatory scrutiny. This article summarizes the salient findings of the survey on the foregoing topics, and elaborates on the survey findings with links to relevant articles published in the Hedge Fund Law Report.