By Susan Barreto
It was a year that yielded market losses and even greater uncertainty over future gains. Finally, 2011 seems like the year that investors saw hedge funds as a place for their assets to weather the storm over the long haul.
|Illustration: Shonagh Rae|
Taking a look back over the year, the hedge fund inflows from pension funds, endowments and foundations – with assets totalling $2.2 trillion globally – tracked by InvestHedge’s monthly mandate table, totalled more than $17 billion.
The strategies varied between credit, global macro and long/short equity, but in 2011 the majority of the new hires were direct allocations into single managers. Hedge fund managers globally saw more than $10 billion in new and additional allocations, equivalent to 60% of asset inflows. The remaining almost $7 billion went to fund of funds managers, but a lot of the these assets will be invested via customised vehicles,...