Tuesday, 31 March 2015
Last updated 11 min ago
Feb 25 2013 | 11:54am ET
Alternative investment assets will return to their all-time high this year, according to an investor survey.
The 11th Deutsche Bank Alternative Investor Survey shows that those investors expect industry assets to take in $123 billion in new capital and reach a record $2.5 trillion by the end of the year. The buoyant hopes come as investors' expectations of hedge funds have hit lower, but perhaps more manageable levels.
According to the survey, investors now expect just steady, predictable returns from hedge funds, rather than consistent outperformance. For this year, 65% of investors hope for returns of just 5% to 10%. And two-thirds of respondents said hedge funds had done as well as they expected or better last year, when the average hedge fund returned between 5% and 10%.
"The hedge fund industry is experiencing an ongoing evolution as investor expectations and manager returns more closely align," Deutsche Bank prime finance co-head Barry Bausano said. "Our 2012 survey closely predicted hedge fund asset growth for the year. In 2013 investors predict increased growth of 11%, with assets reaching $2.5 trillion by year-end."
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…