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Article: Funds of Hedge Funds Stay Wary, Global Macro Leads: Poll
- Article from:
- Reuters Hedgeworld
- Article date:
- September 1, 2009
CopyrightCopyright 2009 Reuters Hedgeworld. Provided by ProQuest LLC. (Hide copyright information)
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LONDON (Reuters) - Funds of hedge funds managers remain cautious
over the speed and sustainability of economic recovery but are
inching back to optimism, a Reuters poll found.
Surging equity markets from the spring have helped hedge funds
rebalance the books after severe losses last year, but while there
is a growing sense that the worst of a global recession has past,
many remain conservative.
A quarterly survey of 12 managers who invest in a basket of hedge
funds with combined assets of close to $100 billion, showed 14 of 15
major strategies covered were expected to deliver at least average
returns in either the third or fourth quarters. That is up from 11
of 15 in a survey in May, and 3 ...