Research shows private bankers still favour hedge funds. Managers not convinced though
Jul 29th, 2009 | Filed under: Hedge Fund Industry Trends, Retail Investing, Today's Post
Today, we bring you a couple of related tidbits we recently found buried deep within seemingly non-hedge fund research reports…
Private bankers, stung by Madoff, still see hedge funds as central to their business
It’s generally recognized that the Madoff Affair hit individual investors harder than it did institutional investors – and in doing so, precipitated an exodus of high net worth investors away from hedge funds in general.
But a survey by PWC published recently shows a different picture. The firm’s 2009 Global Private Banking and Wealth Management Survey shows that private bank executives still see hedge funds and structured products as being central to their business in the next two years.
As the chart below shows, 70% of private banking heads say these investments are either “important” or “very important” parts of their business over the next 24 months. More…
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