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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