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Laxman Pai, Opalesque Asia: Forty-two percent of hedge fund managers expect LPs to increase investment allocation to long/short and global in the next 12 months, said a study.
According to a new survey from advisory and accounting firm EisnerAmper, this is a decrease from 2021's survey where the strategy received 67% of the vote. Other strategies primed for LP investment this year, include event-driven (33%), credit (29%), and quant (19%).
While technology continues to develop and advance across the financial services industry, EisnerAmper's survey has consistently shown that hedge funds are slower to adopt artificial intelligence (AI) and machine learning (ML) to make investments or trades.
Only 12% of hedge fund investors surveyed say they are utilizing these tools in their investment process. While that number is still considerably low, this figure doubled from last year's survey where only 5% of investors said they were utilizing AI or ML.
Meanwhile, revealed that nearly three-quarters (74%) of alternative investment professionals believe the United States is already in a recession or will enter one by the end of the year.
Along with inflation, geopolitical concerns and escalating regulatory scrutiny/compliance obligations were named as top business challenges alternative investors will face over the next year.
The survey also pointed to the opportunities and challenges that alternative professionals continue to navigate with ESG. For...................... To view our full article Click here
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