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Not moving fast enough: Big managers missing out on hedge fund assets.(News)
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Pensions & Investments
- Article date:
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September 1, 2003
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Copyright informationCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Christine Williamson
The biggest institutional money managers are losing out big time when it comes to getting their mitts on their clients' ballooning hedge fund allocations.
According to Pensions & Investment's survey of the 15 biggest asset managers, ranked by worldwide institutional assets, only 13 offer hedge funds and fund of funds, and those firms managed just $44.7 billion as of July 31 for all categories of investors. Only nine of the world's largest institutional managers could or would disclose how much they manage on behalf of institutional clients in hedge fund and fund-of-fund assets; the total was just $18.5 billion.
Yet The Hennessee Group ...
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