Buy-side demand for hedge funds to top £1tr

Global institutional demand for hedge funds will reach $1 trillion by 2010, according to a survey of institutional investors conducted by Bank of New York and consultancy Casey, Quirk & Associates. That represents a threefold increase from $360 billion this year.

The study claims that by 2010, 25% of institutional investors will be putting money into hedge funds, up from 15%. Pension funds will be their largest contributors, with US schemes accounting for the biggest percentage growth. Kevin

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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