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From Komfie Manalo, Opalesque Asia :

State Street Corporation, the world’s leading provider of financial services to institutional investors, released last week its fifth institutional investor hedge fund study. The study was conducted late last year in conjunction with the 2008 Global Absolute Return Congress. Asset owners which participated in the study included representatives from global public and government pensions (37%), corporate pensions (19%), endowments and foundations (29%), and insurance companies (5%) with an estimated $1tln in total investable assets.

The study indicates that turbulent financial markets have not caused major shifts in institutional asset allocations. Three quarters of institutional investors said they do not plan to modify portfolio allocations. While the results showed a moderate decline in overall allocations to hedge funds, the majority of institutions said they would increase or maintain their current hedge fund allocations over the next 12 months.

Gary Enos, executive vice president and head of relationship management and client strategy for State Street's Alternative Investment Solutions Team said he expected hedge fund allocations to grow later this year, as institutional investors continue to focus on diversification and risk management.

Increased focus on accurate valuations, greater transparency Among the challenges arising from the recent market volatil......................

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