WEST PALM BEACH, FL (www.hedgeco.net) – A new study conducted by Deutsche Bank concluded that Hedge fund investors across the board are not worried about the state of affairs with the global hedgefund industry. The study said hedge fund investors are planning to dedicate additional resources to hedge fund management portfolios in 2005.
The study polled 650 investment manages from pension funds and endowments, to other groups including insurance companies, family offices, and high-net-worth individuals. The asset managers included in the DB study altogether manager over $645 billion in investor assets.
The details of the study showed that 67 percent of the survey respondents believe that increased asset inflows into hedge fund management vehicles generally depress the level of returns. Majority of those included in the study also believe that hedge funds will end the year in positive territory, with an average return of between 6 and 8 percent in 2005.
Last year the average hedge fund returned about 9 percent to their investors. So far 2005 has started on a rough note for hedge funds. During the first two quarters, hedge fund returns were basically flat. June returns were more positive for hedge funds, than both May and April. The Van Global Hedge Fund Index rose 1.4% net of fees in June.
According to CSFB/Tremont data, most hedge funds climbed into the positive territory in May, with Dedicated short bias funds leading with gains of 13.66 percent year-to-date, and Convertible Arbitrage as the worst performer so far with a negative return of -7.23 percent in May. Nine of Van�s thirteen individual hedge fund strategy indices rose in May, led by Aggressive Growth (2.8%) and Futures (2.4%).
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
HedgeCo.Net is the most popular hedge fund database and community in the world. Membership on HedgeCo.Net is free and easy. We also offer free listings for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.
