Citi Prime Finance finds that direct allocation by end-investors to hedge funds is taking off and that smaller managers, those with just under $1 billion, are getting a slice of this direct allocation pie.
Citi Prime Finance has unveiled its annual investor survey called ‘Global Pension and Sovereign Wealth Fund Investment in Hedge Funds: The Impact of Direct Investing’.
Over the past decade, pensions and sovereign wealth funds have been gradually developing their hedge fund investment programmes and, since...