Opinion

Are pensions ready to play the redemption card?

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Patience among trustees is waning. Funds of funds seem to be the early casualties, but single manager hedge funds are definitely not immune from scrutiny

By Susan Barreto

As we come up to the mid-year point for 2012, an increasing number of investors are beginning to wonder the same thing – are hedge funds a short-term gamble that are no longer worth the hassle?

It has been a hard pill for trustees and CIOs to swallow as the majority of hedge fund portfolios seem to still be in the red, having yet to bounce back from 2011 losses. The InvestHedge Composite index is up only 2.28% for the year-to-date up to the end of April.

This month we see investors