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From Kirsten Bischoff, Opalesque New York : Krusen Capital Management’s new LionHedge Platform is one example of the subtle shift in power as investors demand products with no conflicts of interest, additional transparency, and lower fees in order to remain allocated to hedge funds.
The government regulations which will ultimately be put into place for hedge funds may not be as effective at changing the industry as the immediate needs of the industry itself.
Preqin’s recent hedge fund survey of institutional investors carried the good news that 50% of those surveyed would continue to invest in hedge funds and an additional 26.9% would allocate additional funds to the industry. However, it also reflected the intentions of 7.7% of those surveyed to cut hedge fund allocations.
While institutional investors tend to be the most coveted allocators, high net worth individuals and family offices have long played an important, sometimes pioneering, role in the hedge fund world and their recent dissatisfaction with the state of affairs has been noted. High net worth networking group Tiger 21 recently confirmed to Dow Jones that their members had cut hedge fund weightings from 11% to 2.8% in 2008.
As media reports sound a constant death knell for the industry, others see a chance to make the changes necessary for revitalizing the future.
“The key is that we are building this for investors,” Charlie Kru...................... To view our full article Click here
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