Article: Russell Survey: Investing in Alternatives to Surge Worldwide; Institutional Investors in North America Double Commitment to Hedge Funds.

TACOMA, Wash. -- Institutional investor commitment to alternative investments is poised to reach record levels by 2007, according to the seventh global report on alternative investing released today by Russell Investment Group. Investments in hedge funds, private equity and real estate are all forecast to rise; survey results show hedge fund use continues to increase most dramatically across all regions, and, in North America, the commitment to hedge funds has doubled, as represented by their growing share of overall allocations to alternative investments.

Since 1992, Russell has surveyed the largest tax-exempt institutions (public and corporate pension funds, ...

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