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Komfie Manalo, Opalesque Asia: The total alternative assets held by hedge fund, private equity, private debt, real estate and infrastructure fund managers reached $6.9tln in 2014, up from the $6.22tln reported a year ago, according to Preqin’s 2015 Global Alternatives Reports.
"The alternative assets industry has reached $7tln in assets in 2014," said Preqin CEO Mark O’Hare. He added, "The past year has seen significant growth in the assets held by alternatives managers, most notably in the value of unrealized assets in manager portfolios. Even with the sub-par performance seen by hedge funds over the course of the year, these managers witnessed the largest growth in their asset base as investors looked to the true value investments in hedge funds can bring."
O’Hare explained that the recent decision of CalPERS to cut hedge funds and reduce the number of private equity partnerships within their portfolio does not reflect the wider sentiment in the industry. He said that from his conversations with investors, the majority of investors remain confident in the ability of alternative assets to help achieve portfolio objectives.
"Indeed, across all asset classes a much larger proportion of investors plan to increase their exposure rather than cut back their allocations to alternatives. However, as the investor base for alternative assets grows and becomes more sophisticated, fund managers continue to face the ...................... To view our full article Click here
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