Institutional demand: $360bn today, but could it hit the trillion by 2010?

From May to August 2006, in a follow-up to our much-cited 2004 study of institutional demand for hedge funds, The Bank of New York, in conjunction with Casey Quirk & Associates, conducted more than 100 in-depth interviews with institutional investors, investment consultants, hedge funds, funds of hedge funds, and industry experts worldwide.

We found that hedge funds are here to stay as a key and growing component in global institutional portfolios. Institutional investors report widespread

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