LONDON (Reuters) – Institutions such as pension funds that are searching for returns independent of stocks and bonds are expected to be the biggest hedge fund investors in the future, a survey byconference organiser ICBI showed.
Institutions are looking to diversify their portfolios away from traditional investments after stock prices collapsed in 2000, and they are likely to displace wealthy individuals as the largest investors in hedge funds, according to the survey.
In ICBI’s survey of more than 500 investors and industry professionals, 73 percent expected institutional money to dominate investment in the industry going forward.
