Surveys
Distressed Stocks Look Good For 2009 – Lipper Poll
Hedge fund managers are looking to distressed securities and
global macro for results in 2009, and believe fees will
fall, according to a survey by
US research firm Lipper.
One in five managers thought distressed strategies would top the performance tables in 2009, while 17 per cent picked global macro and 15 per cent chose managed futures.
One in ten managers picked long/short equity funds as the best performer.
About a third said they expect funds to cut or do away with management fees as the best change to pricing in order to retain investors, while a further 15 per cent see funds reducing performance fees. Sixteen per cent said universal banks or fund management companies will move on to the turf of former broker dealers.
The survey was carried out in November 2008, involving 33 single manager funds or funds of hedge funds.