Survey shows popularity of hedge funds

More than 80% of the world"s investment managers will provide hedge funds among their products in the next three years, according to PricewaterhouseCoopers" (PwC) Global Investment Management Survey. Respondents" eagerness to launch hedge funds makes these products easily the most important alternative vehicle to add in managers" eyes in the future, eclipsing private equity, property and guaranteed funds, and index-based products. But the greater number of funds by late 2006 is expected to come from fewer providers, with half the respondents expecting 10% to 30% consolidation among inve...