January 23, 2010
A survey of institutionalization
SEI, the hedge fund and private equity administrator, has recently published their annual investor survey, entitled "The new era of the investor: new rules of institutional hedge fund investing" (available here.)
In one of our recent posts, we touched on the potential for the hedge fund industry to become increasingly bifurcated given the priorities and criteria of institutions as compared to those of the traditional high net worth hedge fund investor.
SEI's findings support these themes, with the report noting:
- "Power has shifted to institutional investors, who have remained committed to alternative investing but are increasingly exerting their influence to reshape hedge fund practices and, in some cases, push for lower fees.
- Greater transparency is the price of continuing institutional commitment.
- Investors are looking beyond the numbers, focusing increasingly on the factors generating performance.
- More and more, the scope of the quest for quality managers is extending to operational functions in addition to those supporting the investment process."
An interesting read.
www.castlehallalternatives.comHedge Fund Operational Due Diligence.
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Posted at 07:00 PM
