According to Deal Journal hedge funds might have been left in the dust during October’s stock market surge, but many investors are still sticking with them – and some are even looking to double down. A survey from industry data-tracker Preqin on Friday showed that 80% of investors are considering investing with new hedge fund managers, and 38% are planning to increase the amount of their hedge-fund investments over the next year. Investors are sticking with hedgies even as the same survey showed 40% of investors were dissatisfied with returns produced by their hedge fund investments this year.
The numbers make it sound as if investors are giving hedge-fund managers a pass on an ugly October. Hedge fund managers scored gains of 2.46% in October, while the stock market rose nearly 11%, according to data from Hennessee Group LLC earlier this week. That’s not the kind of performance that investors expect given the steep fees hedge funds charge...
Read more at http://blogs.wsj.com/deals/2011/11/11/investors-disappointed-with-hedge-funds-but-sticking-with-them/
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