A new survey from New York-based financial auditing firm Rothstein Kass indicates that hedge fund managers have mixed feelings for the industry in 2013.
The report, “Water Water Everywhere,” reveals that despite assets being at an all-time high and predictions of strong performance from 55% of the hedge fund managers polled, many believe that 2013 will be another challenging year for the industry. Nearly half of managers surveyed listed capital raising and marketing as their biggest concerns for the year.
Other notable findings from the survey shows that 66% of respondents believe that the industry will continue to consolidate in 2013, with asset raising and marketing as the main catalyst for consolidation, and family offices and high-net worth individuals identified as the most important sources of hedge fund capital followed by pension funds.
358 hedge funds were surveyed for the report. Founded in 1959, Rothstein Kass provides accounting, advisory, auditing and tax services for privately-held and publicly-traded companies, as well as high-net-worth individuals and families.