Long-only turmoil pushes investors to hedge funds –

Financial Standard – As the GFC batters confidence in long-only equities, sentiment is turning to hedge funds, provided you partner with groups that are reputable and well run, said Spencer Young, chief executive officer of HFA Holdings.

The result is institutional investors are looking to steer money towards hedge funds as they seek a safe haven for their capital, said Young.

"While investors in traditional long-only funds have lost around 40 per cent of their invested capital in the year to date, the hedge fund industry has recorded average losses of less than half that amount – around 18 per cent – and proven its long-term value," he said.

Young said several major consultancy groups are now forecasting institutional investors to tip more money into the hedge fund sector as they re-evaluate their strategies following the global market melt-down.

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