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Bailey McCann, Opalesque New York: A new survey from Credit Suisse shows that investors are coming back to hedge funds after a rough few years. The survey, entitled "Back In The Saddle", polled over 275 institutional investors globally representing $1.04 trillion in hedge fund investments. Participants were surveyed on a number of topics, including key industry trends and forecasts, as well as strategy preferences and allocation plans for the second half of the year.
Of the asset classes in the survey, hedge funds experienced the most significant swing in sentiment back to positive. The enthusiasm for hedge funds is being driven by several factors - stronger performance, market environment, more aligned fee structures, and the broader employment of
customized solutions and non-traditional vehicles.
On a strategy by strategy basis, Discretionary Macro is at the top of the list for investors going into the second half of the year. Demand for the strategy is up 13% over last year as investors look for options that are uncorrelated to risk assets.
Equities strategies remain popular, but investors are turning toward ESG funds. ESG funds made their first top ten appearances in the investor preferences survey.
Investors appear to be turning away from emerging markets equities, however. As the dollar has returned to strength the base case for emerging markets is starting to change for some investors. Sentiment remains positive for funds with an Asia-Pacific...................... To view our full article Click here
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