Financial News Online US- According to a survey of 100 European pension schemes conducted for Financial News. The Dutch and Swiss dislike hedge funds for their opaqueness, Germans for theirriskiness and the British are cautious on costs.
Hedge funds prefer the long-term capital offered by pension schemes, whose liabilities need not be fully paid for decades. The more stable a hedge fund’s capital base, the greater its opportunity to make long-term investments, which many managers see as a source of investment returns.
But much pension capital remains out of reach, despite more than five years of marketing efforts. Private equity is more likely to satisfy managers’ long-term needs than hedge funds, according to the annual Pensions Fund Barometer, prepared by Richard Davies Investor Relations for Financial News.
More than half (52%) do not invest in hedge funds, whether directly or through funds of funds, and 34% said they did not want to think about it.
