Pensions & Investment – Institutional investors, especially U.S. public pension plans, have been pouring new money into hedge funds to the tune of $39.9 billion of net inflows and pending searches year-to-date through Nov. 10, according to Pensions & Investments‘ analysis of reported hedge fund search and hiring activity.
If the current pace holds for the rest of the year — and consultants and hedge fund marketing executives predict it will — 2011 will be the second biggest year for hedge fund activity since 2004 when P&I began tracking searches, hires, new allocations and increased allocations to existing managers.
