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Article: Hedge Funds Headed for M&As: Institutional Investors Looking for Large, Established Firms.
- Article from:
- Investment Management Weekly
- Article date:
- May 14, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, 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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The hedge fund industry will consolidate through mergers and acquisitions, as the funds continue to proliferate and gain popularity among institutional investors, experts predict.
"This is absolutely going to happen," said Joel Press, a managing director with the prime brokerage division of Morgan Stanley, speaking to an audience at The National Investment Company Service Association's "Alternative Investments Conference" in New York last month.
"While it hasn't started yet, it is the logical next step for the industry," concurred Ted Dougherty, a partner at Deloitte Tax, a Deloitte & Touche subsidiary.
Hedge funds are not required to register ...