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Kenneth J. Heinz From Precy Dumlao, Opalesque Asia After a disappointing year in 2012, hedge fund managers are hoping for brighter prospects this year with many of them forecasting better returns for most strategies, reported Pensions & Investments.

The report quoted Kenneth J. Heinz, president of Chicago-based Hedge Fund Research Inc., "Because of all the uncertainty in the world right now, investor risk tolerance is very low, including hedge fund portfolio managers, but even if all the uncertainties aren't resolved early this year, there will be more clarity about what is going to happen globally. That will encourage many hedge fund managers to be less risk averse than they have been."

However, while the hedge fund industry is expected to produce better results in 2013, revenues are expected to fall as institutional investors have pushed for lowering fees and the majority of hedge fund managers has been steadily offering low-cost versions of their funds to attract more investors. Hedge fund managers also agree that generating better results this year will not be down to cherry-picking.

It was unclear which hedge fund strategy will be a major driver this year. Heinz added, "The trees aren't going to grow to the sky this year." He added that the incredible global environment caused by the European sovereign debt an......................

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