Tuesday, 30 August 2016
Last updated 44 min ago
Jun 23 2010 | 11:42am ET
Despite the name of this publication, hedge funds—long/short hedge funds, especially—should no longer be considered an “alternative” investment, according to Hewitt Associates.
“We believe that the step to include long/short equity is a natural progression from, and complement to, unconstrained active equity management,” Guy Saintfiet, a senior hedge fund researcher at the consultancy, told HedgeWeek. “Hedge funds have an extra degree of freedom to use shorts which can add tremendous value, especially in volatile and bear markets.”
Pension funds are apparently heeding the firm’s advice: Hewitt undertook more than double the number of hedge fund manager searches last year than it did in 2008.