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