Preqin has witnessed a healthy start to 2010 with a number of institutional investors making their first steps into the asset class – including Croydon Council Pension Fund which invested GBP 18 million in two funds of hedge funds. Coupled with this, many institutional investors have begun the search for new managers to add to their existing portfolios of hedge funds. Investors on the lookout for new hedge fund opportunities in 2010 include Utah State Retirement Systems which may make as many as 10 new hedge fund investments over the next 12 months. Another example is the EUR 25 billion, Finish-based, Ilmarinen Mutual Pension Insurance Company which is searching specifically for global macro, credit and multi-strategy funds to add to its existing holdings in the asset class.
This is in stark contrast to the start of 2009 where many institutional investors put hedge fund plans on ice or even scaled back their hedge fund investments following the market crisis and underwhelming performance in 2008.
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