Proving surveys really are useless. Or err, writing about them is.
From Financial News:
Survey finds institutions still value hedge funds
Investments in hedge funds might increase for 25% of institutions in the next five years surveyed while investment in private equity and venture capital funds might increase for 18% of the respondents, according to the survey…
The survey suggested that institutional investors have remained positive about hedge funds despite what has been the worst year for hedge fund performance since data provider Hedge Fund Research started tracking performance 18 years ago.
And from Reuters:
Investors see hedge funds as less important
The days of hedge funds as a red-hot asset class may be cooling, according to a new survey released by fund research firm Morningstar on Monday.
Nearly half of all financial advisers who help wealthy people invest their money said they expect hedge funds to become somewhat less or much less important in clients’ portfolios in the next five years. Among institutional clients like pension funds, 37 percent of those polled said they expect hedge funds to become somewhat less or much less important.
What makes it worse is these are from the same survey – Morningstar/Barron’s.
Related links:
Survey finds institutional investors still value hedge funds – Financial News
Investors see hedge funds as less important – Reuters
When to prune your hedges – FT Alphaville
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