PT  - JOURNAL ARTICLE
AU  - Erik Benrud
TI  - An Early Look at the Deutsche Bank Alternative Investment Survey, 2002–2009
AID  - 10.3905/jai.2010.13.1.072
DP  - 2010 Jun 30
TA  - The Journal of Alternative Investments
PG  - 72--78
VI  - 13
IP  - 1
4099  - https://pm-research.com/content/13/1/72.short
4100  - https://pm-research.com/content/13/1/72.full
AB  - This article presents a time-series analysis of the evolution of hedge fund investor characteristics and expectations based on the Deutsche Bank Alternative Investment Survey (DBAIS): 2002–2009. Interesting findings include the following: 1) new hedge fund allocations are primarily determined by a common factor, rather than by specific views on particular strategies; 2) allocations to credit-sensitive strategies are negatively correlated with allocations to noncredit strategies;3) investor strategy allocations tend to chase returns and do a poor job of timing future strategy returns; and 4) the use of managed accounts has dramatically increased.TOPICS: Real assets/alternative investments/private equity, risk management, performance measurement