By Susan Barreto
For most investors, whether in hedge funds or
not, the past two years have been like the roller-coaster ride
from hell. Investors saw performance, portfolios, managers,
sentiment and assets crashing down, with moments where an end
did not seem in sight.
But despite all this, 65 institutional investors, with
assets totalling nearly $1 trillion, made their hedge fund
buying decisions public through InvestHedge's monthly mandate
news summary. And while only $5 billion of confirmed new money
was given to hedge funds and funds of funds in 2009, according
to InvestHedge, there is $5.2 billion waiting to be allocated.
Indeed, this month alone there is $2 billion in new mandates
(see pages 16-18).
A number of factors constrained hedge fund investing in
2009: lack of liquidity and transparency; discussion on the
justice of performance fees; or a reluctance to invest until
the storm had calmed completely; and,...