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By Beverly Chandler, Opalesque London:
The 2011 Nordic Hedge Fund Investor survey, conducted by SEB Enskilda found that the investment process has become longer and takes over six months for many of the survey’s respondents.
Large investors such as pension funds, insurance companies and other asset managers, representing over $600 billion of assets under management responded to the survey. Excluding funds of hedge funds, investors that have a mandate to allocate up to 30% of their total assets in hedge funds represented 75% of the respondents and the most frequent investor type was pension funds.
The survey found that most investors have not yet filled their maximum allocation quota to hedge funds and so have capacity to invest more in hedge funds. It also found that compared with last year, more investors are investing in single managers as opposed to hedge fund of funds.
Other changes noted included the fact that the investment process has become longer and exceeds six months for many of the respondents and that the most common way investors find hedge funds is through hedge fund seminars and conferences as well as Capital Introduction teams.
A high degree of confidence was evident from Nordic investors who felt fully able to pick hedge funds and did not need external advisors when making operational due diligence activities. The large majority of the respondents did not care to seed hedge funds and if they did, among the ones that do seed, 50 % seed to...................... To view our full article Click here
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