Once again, two stories on the same topic make the case for making oneself a wise news consumer. Here are two stories about the same Credit Suisse hedge fund investor survey, one from Bloomberg and one from Global Pensions.
The Bloomberg story plays up the top point in the Credit Suisse news release: that global hedge fund assets under management should approach $2 trillion again by the end of 2010. That’s definitely the sexy angle, and the one most likely to appeal to a wider general business news audience.
Global Pensions opted to focus on institutional investors’ influence on redemption terms, specifically that 43% of investors surveyed have sought an increase in the frequency of redemptions and 39% have asked that lock-up provisions be removed from the terms. This is obviously of interest to pension funds, and clearly the reason Global Pensions chose to cover the survey in this way.
Interestingly, while the Global Pensions story briefly mentions the AUM figure, Bloomberg doesn’t even touch on the lock-up issue.