Deutsche Bank today announced the results of its eleventh annual Alternative Investor Survey, the largest and longest standing hedge fund investor survey with over 300 investor entities worldwide managing more than $1.2 trillion in hedge fund assets participating. This represents more than half the entire market by assets under management (AuM).
Barry Bausano, Global Co-head of Prime Finance at Deutsche Bank said: “The hedge fund industry is experiencing an ongoing evolution as investor expectations and manager returns more closely align. Our 2012 survey closely predicted hedge fund asset growth for the year. In 2013 investors predict increased growth of 11%, with assets reaching $2.5 trillion by year end.”
Anita Nemes, Global Head of Capital Introduction at Deutsche Bank said: “Investors are increasingly looking for steady and consistent returns as they balance portfolios according to a risk based rather than asset class approach. Top performing managers continue to dominate, but besides performance, aligning interests with those of the investor is also critical in order to win attention from an increasingly institutional investor base.”
Highlights of Deutsche Bank’s eleventh annual Alternative Investment Survey
The survey, conducted by Deutsche Bank’s Markets Prime Finance business, identifies the evolution of hedge fund investing brought on by new investor expectations. Respondents include public and private pensions, foundations and endowments, funds of funds, private banks, investment consultants and family offices.
Over half of the investors surveyed individually manage and/or advise over $1 billion in hedge fund assets, with 10 percent managing $10 billion or more.