AIMA Says Hedge Funds Benefit Their Investors with £1T
Following to an article released by Alternative Investment Management Association (AIMA), hedge funds have earned the amount of £1 trillion or $1.5 trillion for their investors over the last decade.
The
findings, based on data from industry tracker HFR, come as hedge funds
face intense scrutiny following decisions by funds such as the
California Public Employees’ Retirement System and Netherlands’ PFZW to
pull out of them, citing high costs, complexity and poor performance.
“The
global hedge fund industry has grown at approximately 10 percent a year
since the financial crisis, and much of this growth can be attributed
to increased allocations from public and private pensions,” AIMA Chief
Executive Jack Inglis said.
“But
at the same time, many trustees are asking questions about their
existing or prospective hedge fund allocations,” he said in a statement,
launching a series of papers to help investors assess risks and
benefits of hedge fund investing.
The
trade body said that one in every four dollars invested in the nearly
$3 trillion industry is sourced from public and private pension plans.
Hedge
funds recorded net inflows worth $76.4 billion last year, the highest
since 2007. They earned investors $140.3 billion in performance gains
after fees in 2014, about 5 percent of the assets they managed at the
start of last year.
Source: Hellenic Shipping News Worldwide
