(1888PressRelease)
September 28, 2007 - A US recession in 2008 is "very likely", a survey of hedge fund managers has suggested.
However, the majority of respondents to the poll, which was sponsored by fund auditing and tax service provider Rothstein Kass, were upbeat about the prospects for their industry should an economic downturn be realised.
Indeed, while 61 per cent of the 239 hedge fund leaders said a recession in the US economy was "very likely", just 17 per cent said this would be bad news for their funds
Meanwhile, 66 per cent were of the opinion that a slump would actually increase investment opportunities.
"Respondents seem undaunted by prospects for a recession in 2008," Howard Altman, co-managing principal at Rothstein Kass told Reuters.
"While over 43 per cent will likely change their fund's particular investments, fewer than 15 per cent anticipated changes to the fund's underlying investment strategy."
It was also envisaged by 87 per cent of the hedge fund managers canvassed that market volatility would continue for the rest of 2007 - and could even heighten.
Further analysis of the hedge fund industry could be supplied by Aranca, an end-to-end provider of on-demand, custom investment, business and economic research.
Copyright and Disclaimer:
Copyright 2007, Aranca. All Rights Reserved.
All the contents of this Site are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision.
Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:
Aranca Syndication Service at syndicate ( @ ) aranca dot com dot
Tel: +91.22.4005 2219 / +91.22.6725 8115
ARANCA NEWSTRACK -- www.aranca.com
