Hedge Funds

Hewitt sees hedge funds as a tool not asset class

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Hedge funds should no longer be seen as just an alternative asset class, according to Hewitt Associates, which is only now urging pension funds to consider long/short equity managers as part of their overall equity allocation.

Guy Saintfiet, senior hedge fund researcher at Hewitt Associates said: "We have been a strong advocate of the use of hedge funds in pension fund portfolios for a number of years and have recently seen increased demand for hedge funds from our clients. We believe that the step to include long/short equity is a natural progression from, and complement to, unconstrained active equity