Investors_See_Hedge_Funds_as_Less_Important

Investors_See_Hedge_Funds_as_Less_Important - Investors See...

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Investors See Hedge Funds as Less Import By Reuters Monday, November 10, 2008 Email this story BOSTON (Reuters)—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 [Nov. 10]. 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% of those polled said they expect hedge funds to become somewhat less or much less important. Wealthy investors and pension funds helped hedge fund industry assets double to $1.7 trillion in the last three years, but recently the loosely regulated portfolios have disappointed investors with their worst-ever returns. With the average hedge fund down roughly 15.5% this year, investors have pulled billions of dollars out of hedge funds, data from Hedge Fund Research show.
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