Survey: Pensions keep welcome mats out for funds of funds
| Jul 15th, 2010 | Filed under: Hedge Fund Industry Trends, Today's Post | By: AAA Staff |
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They like them!  They still really, really like them! Or at least they don’t seem to hate them!
That seemed to be the message from Towers Watson’s Global Alternative Investment Survey released this past week – at least in terms of how pension funds feel about funds of hedge funds.
According to the annual survey (click here for the press release, or click here to download the PDF directly), about 50% of all assets managed by alternative investment managers are handled on behalf of pension funds, with the bulk of the capital going to infrastructure, commodities, real estate and private equity.
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At the end of the day, the HFoF route still works for a pension fund seeking an allocation to HF (<5%) but unable or unwilling to perform the diligence required to find a strategy and manager they believe in, and marketed and sold on the diversification story by their consultants.