NEW YORK (
sees institutions allocating more money to hedge funds, the investment bank stated in a report Wednesday.
The report was on
Och-Ziff Capital Management Group
, one of the few publicly-traded hedge funds. Goldman analysts view Och-Ziff "as a share gainer as institutions migrate back to hedge funds -- a trend we expect to accelerate over the coming quarters," the report stated.
Och-Ziff's publicly-listed competitors
Fortress Investment Group
are better known as private equity firms, though they have large hedge fund divisions, as do Goldman and other large banks like
These banks, and others like
Bank of America
would also benefit from a hedge fund revival through their prime brokerage businesses, which provide services to hedge funds.
Total assets invested in hedge funds grew from $490 billion in 2000 to a peak of $1.87 trillion in 2007, according to estimates from
Hedge Fund Research
(HFR), which tracks the industry. The industry now stands at $1.54 trillion through the third quarter, having lost $154 billion in 2008 and $145 billion so far this year, according to HFR.
Written by Dan Freed in New York