Investors say it is getting more difficult to find hedge fund managers who satisfy their performance objectives, according to a wide-ranging survey released by Deutsche Bank yesterday. Worldwide, some 73% of investors report that they have had difficulty finding managers who live up to their return expectations.
That said, investors remain optimistic about the hedge fund industry for 2007, with median return expectations of 10%. Inflows into hedge funds are also expected to increase at a healthy rate. Based on investor responses, Deutsche Bank projects inflows to hedge funds to be in the range of $100 billion in