What's your outlook for the global hedge fund industry given the recent lacklustre performance
Galietto We believe hedge fund assets will experience high rates of growth globally, with Asia over-weighted in that judgement. What we're seeing now is a secular shift towards alternative investments. The concept of using leverage and hedging to generate constant absolute returns is here to stay. Investors have understood the power of compounding and a wave of confidence is building among institutions, which are becoming increasingly familiar with investing in hedge fund products. Although we may still experience periods of cyclicality, the shift we are seeing towards hedge funds is fundamental. Recent poor performance is a small...
