Fledgling hedge funds struggle to raise assets
Morgan StanleyÆs survey of institutional investors finds they are pickier about hedge fund managers - and keener on Asia and Japan strategies.
Growing up is never easy. A Morgan Stanley survey of global hedge fund trends, based on interviews with 40 large US institutional investors, suggests that starting a new hedge fund is more difficult now, even as the overall industry continues to expand.
The report projects hedge fund assets growing to $3 trillion by 2010, having passed the trillion mark in 2005, assuming the pace of growth continues as it has since 1999, when the industry was $456 billion.
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