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Thursday, July 18, 2019

Citi Prime Finance report on direct investing in hedge funds


Date: Tuesday, July 5, 2011
Author: Chris Clair, Reuters HedgeWorld

Here’s a link to that Citi Prime Finance report many media outlets have been referencing of late. It’s in a fairly annoying format, via citi.com, but it’s worth e-thumbing through. Among the findings:

- Funds with between $1 billion and $5 billion in assets under management experienced the largest net asset growth in 2010.

- Funds with $250 million to $500 million typically must rely on funds of funds, seeding or farming arrangements to funnel allocations, as their relatively small size does not allow larger direct allocations.

- Getting on a consultant’s list is seen as a “fast track” to accessing institutional investors.

Citi surveyed investors with total assets of $1.7 trillion and hedge fund managers with total assets of $186 billion.

Here’s the survey: “Global Pension and Sovereign Wealth Fund Investment in Hedge Funds: The Growth and Impact of Direct Investing”.