Credit Suisse Global Hedge Funds Investor Survey
By Damien Hatfield on May 6, 2013 in Hedge Funds
Credit Suisse has released its Annual Global Hedge Fund Investor Survey.
Highlights
1. Responses came from close to 550 institutional investors, representing $1.03 trillion of hedge fund investments.
2. Long/Short Equity was identified as being the most sought after strategy in 2013.
3. Emerging Markets Equity was the second most favoured strategy.
4. Emerging Markets and Asia-Pacific regions remained in the top two regional preferences
5. Managers running between $500M and $2B AUM were in the best position to be considered for future allocations.
6. Crowded trades/herd behaviour, additional regulatory changes and underperformance risk as the three greatest sources of risks facing the hedge fund industry.
7. Sovereign default risk and credit/counterparty risk, which were both in the top three last year, dropped significantly.
8. Risk-adjusted and uncorrelated returns are the primary investment objectives of pension funds who responded in the survey.
9. Pension fund investors regard further hedge fund consolidations/liquidations to be a potentially significant development. They also expect to see additional fee compression.
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