Reuters’ Svea Herbst-Bayliss reports that hedge fund managers are finally breathing a sigh of relief.
Newly confident that investment opportunities will improve in 2011 as the global economy recovers, more than half said they have a generally positive outlook for the industry, a survey from audit and accounting firm Rothstein Kass shows.
That is despite that, at the same time, hedge fund managers expect more people to chase investment dollars as institutions like pension funds are ready to add a flood of money.
“We see an optimism that is a growing theme among the survey participants,” Howard Altman, Rothstein Kass’ Chief Executive Officer, said in an interview. “At the same time the surge in capital from institutions and since late last year the emergence of seed capital is also an important theme,” he added.
Rothstein Kass surveyed 313 hedge fund managers on the Internet in January. Reuters obtained a copy of the report.