The London School of Economics and Political Science (LSE) is to run a hedge fund research programme...
The London School of Economics and Political Science (LSE) is to run a hedge fund research programme aimed at the top end of the market.
The research, which will be carried out by professor Gregory Connor, will be presented at two free conferences a year over the next three years.
International Asset Management is sponsoring the programme.
The company has been managing money in hedge funds since the mid 1980s, originally for wealthy families across Europe and now increasingly for institutions.
The company will make its database accessible to the LSE and direct the research to ensure it is relevant to the industry.
According to Alan Djanogly, director of International Asset Management, the aim of the programme is to raise the level of debate in the hedge fund community.
The programme is aimed at investors and managers who already have a good knowledge of the hedge fund industry.
It will cover the benefits of different strategies and optimum allocations.
The programme will last three years, with seminars each year to present the conclusions.
Djanogly hopes the research will help to de-mystify hedge funds and attract potential investors.
'There is always a fear factor in terms of going forward and we know potential clients are afraid,' he said.
The hedge fund industry currently stands at around 6,000 funds and is likely to double in the next five years, according to Djanogly.
'The size of the universe is beneficial to us because it brings more talented people into the market,' he said.
He does not believe the industry will suffer a severe downturn although he accepts the quality of managers is a concern with so many new ones entering the asset class.
'There is a lot of interest in hedge funds ' we see it as a long-term phenomenon,' he said.
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