Institutions still wedded to hedge funds, but business models will change
Thu May 7, 2009
Six recent surveys all conclude that hedge funds still have a place in institutional portfolios despite the market meltdowns of 2008
See Greenwich/Quinnipiac key
See State Street survey & key
See Deutsche Bank survey & key
of New York Mellon/Casey Quirk survey & key
See Morgan Stanley survey & key
Quirk/eVestment Alliance survey & key findings
There are lies, damned lies, and statistics - yet in a market
where information is scarce, hedge funds and funds of hedge
funds depend on such statistical surveys. So which investor
survey gives the best information? This analysis is a snapshot
of seven of the industry's most prominent recent surveys as
they apply to investor trends.
Morgan Stanley and State Street interviewed largely US-based
institutional investors, with the latter interviewing investors
(no hedge funds) with assets totaling some $1 trillion under
The most recent survey of 160 groups by Casey Quirk and The
Bank of New York Mellon is largely about what it will take to
build the hedge fund firm of the future...
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