Institutional investors appear committed to hedge fund investing, but hedge fund managers will face wider-ranging and more in-depth scrutiny of operations and investment processes, according to a survey by SEI and Greenwich Associates. The survey report, entitled Hedge Funds under the Microscope: Examining Institutional Commitment in Challenging Times, points to a need for greater transparency and enhanced client reporting and communications from hedge fund managers. These are especially needed in the wake of changing institutional expectations brought on by the worst year on record for hedge fund performance. SEI collaborated on the survey with Greenwich Associates, initially polling institutional investors in Continental Europe, the UK and the US at the end of August. As the financial crisis deepened, the firms re-interviewed respondents in November, to gauge the impact of market turmoil on institutional attitudes and plans concerning hedge funds.
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