Fri, Sep 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

AIMA examines the role that hedge funds can play in institutional portfolios in new paper

Thursday, May 23, 2013

Benedicte Gravrand, Opalesque Geneva: - The Alternative Investment Management Association (AIMA)’s Investor Steering Committee surveyed some of the most important institutional investors in hedge funds globally, with combined assets of more than $400bn, and produced a paper called 'Beyond 60/40: The evolving role of hedge funds in institutional investor portfolios.’

Here is some of what they found from this survey:

  • Institutinal investors are leaving behind the traditional 60% equities/40% bond model and adopting alternatives more (hedge funds in particular);
  • Reasons for using hedge funds are their risk-adjusted returns, diversification, lower correlations, lower volatility and downside protection;
  • Hedge funds are more and more seen as a way to access opportunities and tailor portfolios, rather than as a separate asset class;
  • Most of those surveyed have increased their hedge fund allocations since the recent crisis, and most are planning to continue to do so;
  • Due diligence on hedge funds is becoming more time-consuming, sometimes lasting up to two years;
  • Investors are happy about hedge funds’ increased transparency, although some are wary of being given too many unnecessary details;
  • They are also happy about the increased hedge fund regulation, although some are concerned about the costs, and the rest......................

    To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  5. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

 

banner