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Laxman Pai, Opalesque Asia: Though approximately a third (34%) of surveyed investors reported that hedge funds had not met expectations over the past 12 months, they are upbeat about the prospects for the asset class going forwards, said Preqin's latest survey of alternative assets investors.
According to the survey, 32% of respondents believe their hedge fund portfolio will perform better in the next 12 months compared to the previous year, and the majority (51%) expects returns to be about the same.
In June 2018, two-thirds of investors found that hedge fund performance had met or exceeded expectations over the past 12 months, including 16% which found that performance had exceeded expectations.
Over two-thirds (69%) of investors plan to make their next hedge fund investment in H2 2018, while 16% will look to invest in 2019; the remaining 14% do not expect to invest until at least 2020.
59% of respondents believe that equity markets have peaked, resulting in a larger proportion of investors looking to position their portfolios defensively than aggressively (33% vs. 6% respectively).
The largest proportion (28%) of investors plan to increase their exposure to systematic CTAs over the next 12 months, which can provide returns uncorrelated to other hedge fund strategies and equity markets. Similarly, nearly 3x as many investors plan to increase their exposure to macro strategies than reduce it.
The majority (63%) of investors view North Ame...................... To view our full article Click here
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