Hedge fund assets from pension funds at lowest level since 2018

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The proportion of overall hedge fund assets attributed to hedge fund investments fell to the lowest level seen in five years at the end of 2022, according to a report by Reuters, citing research by Goldman Sachs.

A note from Goldman Sachs on Wednesday revealed that its latest survey found that at the end of last year, pension funds accounted for almost 30% of the wider hedge fund industry's investors, the smallest share since 2018.

Pensions still remain the largest client base for hedge funds, with funds in the Asia-Pacific region and Europe also seeing new money from sovereign wealth funds domiciled in the area.

"In spite of the strong hedge fund performance they experienced in 2022, it appears that frustrations built in prior years may have continued to weigh on allocations," said the note.

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