Boston – Investors, including pension funds and endowments, plan to put more money into hedge funds this year and expect to keep paying the loosely regulated portfolios’ high fees, a poll released on Friday shows.
Investors polled by Goldman Sachs Prime Brokerage in early 2007 said they expect to see a 24 percent growth in assets invested in hedge funds over the next year. While that is slightly less than in 2006, it is higher than it was at the end of 2003, Goldman said after polling 556 investor groups that put money into hedge funds directly.
Assets in the hedge fund industry have more than doubled to roughly $1.9 trillion in the last three years, industry analysts have said, and investors tend to use the lightly regulated portfolios to help dampen volatility in portfolios.
