>According to the Hennessee Group’s 2004 Foundation and Endowment Survey of 46 foundations and endowments that invested in hedge funds, 59% were in favor of the proposal requiring hedge funds to register with the SEC under the Investment Advisors Act of 1940.
>However, the 31% who did not support such a move manage three times as much capital and allocate 46% more to hedge funds. They also have 50% more experience investing in hedge funds.
>The survey also finds that those who favor registration have on average 15% of their assets allocated to hedge funds, with 8% invested directly and 7% invested through a fund of hedge funds vehicle. An average of 22% of assets are in hedge funds for those who oppose registration, with 15% being invested directly.
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