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2012 Sticky Hedge Fund Money ?
Based on a survey of 29 FoF managers, pension plans, family offices, StreetID’s own Jesse Marrus said that he believes that as hedge fund capital inflows increase, “they will continue to hire to address investors concerns.”
Marrus said that after a year of huge performance dispersion in hedge fund strategies and the second-worst year for hedge fund performance (in the 22 years that Hedge Fund Research Inc. has been tracking industry returns), “performance remains the primary focus for investors in hedge funds.”
“We feel that hedge funds mangers have done an excellent job hiring employees and consultants to increase transparency and risk management as the Securities and Exchange Commission continues to crack down on hedge funds,” said Marrus, who believes that by hiring additional back office, compliance, and legal personnel internally and externally, hedge funds have addressed a lot of the concerns for their investors.
Ultimately, Marrus agrees with Barclays and Goldman Sachs, both of which believe that hedge funds will attract more capital in 2012. Meanwhile, recently reported that the GlobeOp Capital Movement Index recently rose 142.6 points. That is the highest level that the index (which, according to Reuters, tracks monthly net subscriptions to and redemptions from hedge funds managing approximately $173 billion) has reached since October 2008.
“This is proof that capital is getting sticky,” Marrus added, noting that GlobeOp’s data also showed that overall net inflows of cash jumped to 2.25% from January to February 1.
As hedge funds improve, where will they go to find the best talent? And where will the best talent go to network with their future employers? They’ll go to the only financial career matchmaking site with a growing community of financial professionals: