NEW YORK, July 29, 2015 /PRNewswire/ -- Credit Suisse
announces results of its mid-year Hedge Fund Investor Sentiment
Survey, which polled over 200 global institutional investors
representing nearly USD 700 billion
in hedge fund investments. This survey follows Credit Suisse's
Annual Global Investor Sentiment Survey published in March 2015.
Participants were surveyed on their current strategy appetite
and allocation activity. 93% indicated that they plan to maintain
or increase hedge fund allocations during the second half of this
year. The top three preferred investment strategies by region
were:
- Americas: Equity Long/Short (56%), Event Driven (47%) and
Global Macro (38%)
- EMEA: Global Macro (54%), Equity Long/Short (46%) and
Event Driven (43%)
- APAC: Global Macro (44%), Multi-Strategy (44%) and Credit
Long/Short (39%)
Robert Leonard, Managing
Director and Global Head of Capital Services at Credit Suisse
commented:
"Despite ongoing volatility in the global marketplace,
institutional investors remain steadfast in their approach to hedge
fund allocations.
At the mid-year mark, Global Macro continues to be the
most favored strategy by institutional investors globally, as it
was at the start of the year. Interest in Event Driven and
Equity Long/Short strategies also remains high.
One of the more notable developments from our annual
survey conducted earlier this year is the marked increase in
interest around Multi-Strategy funds, reflecting investor's
reaction to the fast changing investment environment we are
experiencing at this time."
Key highlights from the 2015 Credit Suisse mid-year Hedge
Fund Investor Sentiment Survey:
Global Macro (46%) retained the top spot in the
survey – and was also the most popular selection in our Annual
Survey. This was the only strategy to rank among the top three
investor preferences in all regions. The ability to capitalize on
macroeconomic opportunities, e.g. a potential Fed rate increase,
appears to be driving its popularity.
Event Driven (44%) remained the second most popular
strategy among global investors surveyed, while appetite for Equity
Long/Short (43%) increased to 3rd position, after
ranking 4th in the annual survey. Interest in
Multi-Strategy (32%) had one of the biggest positive swings, moving
from 14th place to 6th place in the mid-year
survey.
CTA/Managed Futures saw one of the largest declines at
this mid-year point, moving down from the 3rd most sought after
strategy in our annual survey to 9th place at mid-year.
Increasing concerns about China's
economy appear to be a significant factor in this lower
ranking.
In the first half of 2015, investors most actively
allocated to the traditional Master/Feeder (Onshore/Offshore)
structure, Managed Accounts and UCITS funds. Looking to
the second half of the year, investors report higher appetite for
UCITS and Managed Account products, as well as Co-investment
structures for Equities.
About the respondents
The survey
covered institutional investors on a global basis, including fund
of funds, family offices, consultants, endowments &
foundations, private banks and pension funds; 52% of responses came
from the Americas, while 38% came from EMEA based investors and 10%
came from APAC.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services
providers and is part of the Credit Suisse group of companies
(referred to here as 'Credit Suisse'). As an integrated bank,
Credit Suisse is able to offer clients its expertise in the areas
of private banking, investment banking and asset management from a
single source. Credit Suisse provides specialist advisory services,
comprehensive solutions and innovative products to companies,
institutional clients and high net worth private clients worldwide,
and also to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50
countries worldwide. The group employs approximately 45,600 people.
The registered shares (CSGN) of Credit Suisse's parent company,
Credit Suisse Group AG, are listed in Switzerland and, in the form of American
Depositary Shares (CS), in New
York. Further information about Credit Suisse can be found
at www.credit-suisse.com.
Copyright 2014, CREDIT SUISSE GROUP AG and/or its
affiliates. All rights reserved.
Certain information contained in this document constitutes
"Forward-Looking Statements" (including observations about markets
and industry and regulatory trends as of the original date of this
document), which can be identified by the use of forward-looking
terminology such as "may", "will", "should", "expect",
"anticipate", "target", "project", "estimate", "intend", "continue"
or "believe", or the negatives thereof or other variations thereon
or comparable terminology. Due to various risks and uncertainties
beyond our control, actual events, results or performance may
differ materially from those reflected or contemplated in such
forward-looking statements. Readers are cautioned not to place
undue reliance on such statements. Credit Suisse has no obligation
to update any of the forward-looking statements in this
document.
This document was produced by and the opinions expressed are
those of Credit Suisse as of the date of writing and are subject to
change without obligation to update. It has been prepared solely
for information purposes and for the use of the recipient. It does
not constitute an offer or an invitation by or on behalf of Credit
Suisse to any person to buy or sell any security. Any reference to
past performance is not a guide or indicator to future performance.
The information and analysis contained in this publication have
been compiled or arrived at from sources believed to be reliable
but Credit Suisse does not make any representation as to their
accuracy or completeness and does not accept liability for any loss
arising from the use hereof.
Logo - http://photos.prnewswire.com/prnh/20091204/CSLOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/credit-suisse-releases-mid-year-hedge-fund-investor-sentiment-survey-300120478.html
SOURCE Credit Suisse AG