The Bank of New York, in conjunction with Casey, Quirk & Associates, released the findings of a hedge fund study that revealed that global demand for hedge funds is expected to triple by 2010, increasing from $360 billion currently to more than $1 trillion. More than 100 top institutional investors, investment consultants, hedge funds, fund of hedge funds, and industry experts around the world were interviewed.
The study follows the successful 2004 study by the Company and Casey, Quirk that evaluated U.S. institutional investor appetite for hedge funds. That study forecasted that demand would increase from $60 billion to $300 billion by 2008, a prediction that is currently in line with actual investments by U.S. institutions.Download PDF File
The 2004 version of the paper is also provided for your reference.Download PDF File