Demand up for hedge funds

hedge funds set to overtake other alternatives as most important product in next three years

More than 80% of the world's investment managers intend to provide hedge funds in the next three years. That is one of the main findings of a study by PricewaterhouseCoopers' (PwC) Global Investment Management Survey. This makes hedge funds, in managers' eyes, the most important alternative vehicle to have in a product offering, eclipsing private equity, property and guaranteed funds, and index-based products. Louise Spencer, partner in the investment management division at PwC, said asset managers' growing focus on higher margin products and higher quality revenue was one driver behind ...