RT Journal Article
SR Electronic
T1 An Early Look at the Deutsche Bank Alternative Investment Survey, 2002–2009
JF The Journal of Alternative Investments
FD Institutional Investor Journals
SP 72
OP 78
DO 10.3905/jai.2010.13.1.072
VO 13
IS 1
A1 Erik Benrud
YR 2010
UL https://pm-research.com/content/13/1/72.abstract
AB This article presents a time-series analysis of the evolution of hedge fund investor characteristics and expectations based on the Deutsche Bank Alternative Investment Survey (DBAIS): 2002–2009. Interesting findings include the following: 1) new hedge fund allocations are primarily determined by a common factor, rather than by specific views on particular strategies; 2) allocations to credit-sensitive strategies are negatively correlated with allocations to noncredit strategies;3) investor strategy allocations tend to chase returns and do a poor job of timing future strategy returns; and 4) the use of managed accounts has dramatically increased.TOPICS: Real assets/alternative investments/private equity, risk management, performance measurement