WEST PALM BEACH, FL (HEDGECO.NET) – Regardless of lackluster hedge fund performance seen in recent months, a new survey conducted by EPN shows that an increasing number of European Pension Funds areinterested in hedge fund investment products. EPN surveyed nine mainstream investment managers overseeing about US$25 billion. The poll result shows that such managers have invested about US$9.5billion in hedge fund management vehicles.
This result is also supported by the findings of another poll conducted by Watson Wyatt firm. The Wyatt�s July survey of the 99 largest hedge fund managers in the world shows that hedge fund of funds total managed assets increased by about US$41 billion in 2003.
One of the pension fund managers included in the EPN study, Jan Henrik Franck said, �Hedge funds are on the agenda for us and we will be having discussions with our board of directors to see whether we agree on it being a viable option. There is no doubting the potential benefits of having hedge funds in your portfolio and as an asset class, they are here to stay.�
The Wyatt�s poll of largest fund of hedge funds managers in the world shows that Man Investment is in the number one position overseeing about US$21.4 billion. They are followed by Permal Group and Union Bancaire in the second and third position, each managing about US$11 billion and US410.6 billion respectively.
Ivy Asset Management, Goldman Sachs Asset Management, Financial Risk Management and Grosvenor Capital Management each oversee $9.8 billion, $8.3 billion, $7.9 billion and $7.8 billion respectively. The eight, ninth and tenth largest world hedge fund of fund managers went to Blackstone, Tremont and Credit Suisse asset managers, each overseeing about $6.6 billion, $6.0 billion and $4.7 billion respectively.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
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