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Komfie Manalo, Opalesque Asia: Investors are still confident hedge funds could provide them good returns and again allocating into the space with the hope that the latest rise in volatility and the expected hikes in U.S. interest rates will offer opportunities, reports Bloomberg, city a study by Deutsche Bank.
Deutsche Bank's 2018 Alternative Investment Survey polled endowment, family offices, funds of funds, foundations, funds of funds, pension fund, private banks, and insurance companies to determine their outlook on hedge funds.
The survey added that the renewed interest in hedge funds is seen as a turning point for the industry after years of trailing the markets because of the central-bank money printing policy. However, major allocators, including endowments, family offices, pension funds, and foundations have set a muted expectation this year, with an 8.2% performance target this year, same as in 2017.
The survey also found that event-driven funds will continue to see increased demand after receiving $6.9bn of inflows in the fourth quarter of last year; Western Europe is now the most sought-after region, with 37% of investors planning to add exposure there, versus 17% in the 2017 survey; and One in five investors plans to increase allocations to long-short funds.
Rise in volatility wipes out S&P 500 gains...................... To view our full article Click here
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