Bloomberg – Hedge funds may increase assets by more than 8 percent this year as clients led by pension plans and rich families invest $50 billion of the cash they held while financial markets fell, according to a report by Barclays Plc.

Investors have about 14 percent of their assets in cash, according to the survey released today by Barclays Capital, the investment-banking unit of London-based Barclays. Almost 80 percent plan to allocate money to hedge funds in 2009.

“We are seeing that investors are now realizing that hedge funds are surviving as a compelling investment proposition and as an important segment of the broader asset-management industry,” Andrea Gentilini, the New York-based author of the report, said in a telephone interview.

Read Complete Article

Comments are closed.

Tags:
andrea, asset management industry, assets, barclays, barclays capital, barclays plc, financial-markets, gentilini, hedge funds, investment proposition, investment-banking, investors, london, money, pension plans, rich families, segment, telephone-interview