Hedge Funds

Hewitt sees hedge funds as a tool not asset class


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