World Finance – The predictions come as the trade evolves beyond its entrepreneurial, private roots to meet investor and regulator demands for greater transparency and more robust operations.
A recent Citigroup survey predicted that hedge funds could lure $2trn in new money to investment vehicles long associated with mutual-fund companies and other institutional managers including “long-only” funds that buy and hold stocks. The poll of investors, consultants and money managers concluded further growth will come from institutional investors such as pension funds and endowments, and may also earmark an additional $1trn as they grow more assured and comfortable with the different risks posed by those strategies.
