“Recovery Phase has begun”: Pundits
|May 18th, 2009 | Filed under: Editor's Pick, Today's Post | By: Alpha Male||
As we mentioned on Friday, many institutional investors felt somewhat burned by “complex” strategies such as portable alpha last year. However, research conducted in Q1 seems to suggest that those investors remain positive on one of the key elements of portable alpha strategies – hedge funds.
The FT reported last week on a survey conducted by consultancy CREATE and UK money manager Martin Currie:
“Institutions also remain and real estate, despite the travails of these sectors during the credit crunch, but are wary of “bells and whistles” strategies such as liability driven investment, portable alpha and distressed debt.”
Similarly, the Economist is reporting this week on “the mysterious popularity of hedge funds“:
“…a recent survey of most of the world’s big hedge-fund investors, by Goldman Sachs, suggests that clients remain …a couple of blow-ups aside, hedge funds have proved less risky than most other financial firms.”
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- Hedge Funds and Their World: Slow Recovery Ahead
- Despite recovery, long-term misalignments remain in fund of funds sector
- MF Global Report: Full Recovery Still Iffy
- Bain & Co.: Private equity downturn “rearranged established rules, reset expectations and planted the seeds of PE’s next phase”
- UK Plans Think, But Don’t Act, on Portable Alpha