Over 90% of more than 300 senior hedge fund managers in a survey have said that they expect the $1.8 trillion hedge fund industry to attract "significant" new money this year, according to Rothstein Kass, an accounting firm that sponsored the survey.
The results of the survey, released Tuesday, were derived from 306 U.S. hedge fund managers, about half of them working at funds with $100 million to $750 million of assets and the rest at larger funds.
Howard Altman, a Rothstein Kass co-managing principal, said in a statement that, though nearly two-thirds of the respondents had a generally negative outlook on the economy for the rest of this year, "the vast majority … are unfazed by ongoing volatility."
Sixty-six percent of the managers said hedge funds will probably become more expensive to operate this year, and only 1% thought the funds would reduce their fees.
