“The European sovereign debt crisis is yet to have any impact on our hedge fund portfolios. However, managers using the current economic
climate as an excuse for poor performance may cause us to decrease our hedge fund allocation in the future.” – UK-based private sector
pension fund
“Redemptions are typically made from our hedge fund portfolio in response to a fund becoming too large. Funds that are too big will limit
our fl exibility in making investments.” – Finnish investment company
“When investing in new hedge funds we look at funds performing independently rather than seeking specifi c strategies.” – Swedish fund
of hedge funds
“Despite the uncertainty surrounding the sovereign debt crisis we believe there has also been a positive impact on the industry in that more
opportunities have been created for investors.” – UK-based institutional investor
“We believe that hedge funds investing in asset-backed securities are providing the best opportunities for 2012.” – UK fund of hedge funds
“The eurozone crisis has had a negative impact on the hedge fund industry overall in that there is now less demand for hedge funds among
investors, which has indirectly affected their performance.” – Swiss fund of hedge funds
“Although we do invest in UCITS-compliant funds we do not consider these funds to add signifi cant value to our portfolio. Therefore it is not
a prerequisite.” – Portuguese fund of hedge funds
“Concern over a fund’s performance is the main reason why we would look to redeem from a hedge fund. However, there are also various
other factors that would infl uence our decision, such as overexposure, risk and operational issues.” UK-based institutional investor
“Our appetite for emerging managers has increased slightly over the past 12 months. However, generally we prefer to invest in established
managers with a reputable track record.” – Swiss private sector pension fund