By comparison, mutual fund assets are forecast to increase at the more modest rate of 9 per cent over the same period to $23,900bn.
Sunil Jagtiani, a London-based editor for Cerulli, said: “The recovery in hedge fund assets will be due, in part, to improvements in governance, increased transparency, and better terms for investors, such as lower fees.”
Managers voice concerns Data management, market and counterparty risk, client reporting, regulatory issues and cost-cutting are the top concerns of senior investment management executives and third-party administrators.
The findings come from a poll held at an industry conference hosted by consultants Investit.
Peter Ellis, managing director at Investit, said: “There was definitely a more positive message at our conference in July in terms of confidence about the future. About 41 per cent of participants expected things to improve within the next 12 months, compared with about 27 per cent at our conference in January.”
