Industry Information - 18/04/2002
Finance Publishing International has announced that the fifth annual survey of the Hennessee Hedge Fund Advisory Group has been completed, with results showing that hedge funds reportedly met or exceeded expectations for 85% of hedge fund investors.
More than half of the investors surveyed (54%) said that they intend to increase their hedge fund allocation in the coming 12 months, up from 45% in the 2001 survey. This, in addition to the 38% growth in industry assets, illustrates that hedge funds are growing in use for portfolio diversification and downside risk protection.
The Hennessee group says that the performance of hedge funds in 2000 and 2001 has made it increasingly prudent to consider hedge funds as an investment alongside stocks and bonds. "In fact, someday, it will be considered imprudent not to include hedge funds within a stock and bond allocation," commented Charles Gradante, president and CEO. Hennessee is a global hedge fund
