WEST PALM BEACH, FL (www.hedgeco.net) – New survey conducted by GAIM USA on location at the conference in Boca Raton Fl. shows that hedge fund industry leaders are quite optimistic about the 2005returns. The surveyed managers believe that the 2005 hedge fund returns would either hold steady or increase. Over one-third of the managers believe hedge fund returns would be greater than 10percent in 2005.
Fifty-seven percent of the managers also believe that fees charged to investors may see a decrease in the coming year. The survey also shows that 89 percent of the surveyed managers still believe that the flow of assets into hedge fund managed vehicles would continue in 2005. Fifty percent of the group believes that performance related issues would remain the most challenging problem facing hedge fund managers.
Amanda Rodrigues, event director and head of research for GAIM USA, said, “The survey results suggest that performance remains at the top of the list of issues for all managers — far outweighing concerns of registration, leverage or even capacity.� Those responding to the survey were however split on how hedge fund managers could best obtain stronger performance. Forty-eight percent of the surveyed group believe that fund of funds were a better alternative for achieving such goals.
David Katz, founding partner of Rocaton Investment Advisors said, “Interestingly, the results indicated there is no clear consensus on the way asset allocators are using hedge-fund strategies. � He further said, “Approximately one-third, or 32 percent, view their strategies as a separate asset class, while another 13 percent utilize portfolio alpha and 12 percent consider their strategies as equity substitutes.”
The respondents at the GAIM USA conference represent about 24 percent of over 800 conference attendees. GAIM USA, now in its 8th year according to organizers, is regarded by many to be the largest hedge fund event staged in the United States.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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