Hedge Funds

Smaller managers now getting direct allocations, Citi finds

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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 the financial crisis, have become the dominant investor segment allocating capital to hedge funds.

Citi Prime Finance interviewed global