Survey says HF industry “getting back to its (affluent investor) roots”. Yet institutions continue to dominate.
| Mar 16th, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post | By: Alpha Male |
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Reuters reported on Friday that one prime brokerage industry analyst believes:
“The hard-hit hedge-fund industry is unlikely to recover fully until 2013, and about a quarter of all hedge funds will close their doors in the next 12 months.”
Unfortunately, the article does not make reference to any supporting research report, speech or interview that could shed light on the 2013 claim. If this means that the industry will not regain its previous AUM high of around $2 trillion, that’s not really too bad. 2013 is less than 4 years away, suggesting a 25% CAGR over that time. (On the other hand, if this means that industry returns will not get back on track for 4 years, that’s another thing.)
But as if to pre-empt this dour forecast, Accountancy Rothstein Kass wrote in a report last week that: More…
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