Wednesday, 1 April 2015
Last updated 5 hours ago
Apr 7 2010 | 11:02am ET
Hedge fund assets may hit their pre-financial crisis peak this year, according to the people in a position to make that happen.
A Credit Suisse Group survey of about 600 institutional investors show a confidence that the industry could be managing $2 trillion by the end of December, an increase of 25% this year. Much of that growth will come in the Asia-Pacific region, with 61% of survey respondents saying they are increasing, or might increase, their allocations to the region.
While they’re ready to pour more money into the asset class, institutional investors are more wary, and more selective, than they were before the financial crisis. Due-diligence takes more time, with 65% saying they spend more time investigating managers before they invest. The due-diligence process now takes almost six months, 30% longer than 18 months ago.
And investors are putting their increased allocations with fewer managers. The average number of hedge fund managers employed by those surveyed fell 17% over the last year-and-a-half to 48.
“Investors are taking a more selective, thoughtful approach and concentrating their investments with the managers in whom they have the greatest degree of trust,” Benjamin Happ, head of capital services in Hong Kong for Credit Suisse’s prime services division, said.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…