WEST PALM BEACH, FL (www.hedgeco.net) – Hedge fund investors choose safer investment strategies during the fourth quarter of 2004 according to a new released poll. Such change in tactics wasnoticeably different from the 3rd quarter of 2004, according to the new LJH-Reuters Pool. Hedge fund investors choose the equity neutral strategies and equity hedge fund vehicles during the fourthquarter.
According to the survey, Global macro funds attracted $28 million during the fourth, while in the 3rd quarter those strategies took in nearly $46 million. Emerging market managers did poorly during the fourth quarter, while managed futures strategies were nearly flat during the same 4th quarter, according to the new poll.
The Reuters poll surveyed 42 international hedge fund managers in both offshore and onshore sectors. The respondents were surveyed on the nature of allocations made by their clients during the past quarter. A total of $286 million were invested during the 4th quarter while $523 million were allocated in the previous 3rd quarter. During the 2nd quarter of 2004, 38 international hedge fund managers, according to the poll, committed a total of $781.9 to hedge funds. The Poll also showed that during the first quarter a total of 63 surveyed hedge fund managers devoted $2.1 billion to hedge fund managed portfolios.
Overall the survey concluded that investors played it safe during the third quarter by committing assets to only those strategies, which they considered less risky. Equity hedge funds considered one of the safer strategies received about $127.6 million during the fourth quarter of 2004.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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