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Investing

Family offices increasing their interest in hedge funds, per survey

Author Erin Chan Ding
Erin Chan Ding
[email protected]
Apr 10, 2023
7 months ago
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Credit: BLOOMBERG

The appetite for family offices investing in hedge funds will grow over the next year, according to survey results released last week.

More than half of 555 investment-fund allocators — composed mostly of single- and multifamily offices and funds of funds — said they would be increasing their investments in hedge funds over the next year.

Of those, 44% said their investments would increase by at least 10% or more, according to those surveyed by iConnections, a financial technology platform.

About two-thirds of allocators said they were either optimistic or very optimistic about hedge funds. They were especially keen on investing in global macro- and multi-strategy funds, the survey found.

Overall, hedge funds were down 2.4% in 2022. But that compares favorably with global equities and bonds — which were down 20% and 16.7%, respectively, over the year. 

"We have been increasing our allocation to hedge funds as well as other alternative investments over the past 2½ to three years," said Thomas Ruggie, CEO of Destiny Family Office in Winter Park, Florida. The Destiny Alternative Fund's portfolio is 69% hedge funds and 25% private equity due to the long-term performance and risk measurements "of underlying managers compared to broad market indexes."

Author Erin Chan Ding
Erin Chan Ding
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