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October 25, 2006 at 11:57 AM
Hedge funds, real estate and other “alternative investments” are gaining widespread acceptance.
Despite investor concerns about liquidity and fees, financial advisors are expecting to see double-digit growth in alternative assets under management every year for the next 5 years, according to results of a survey of 600 advisors organized by researchers at Morningstar Inc., Chicago, and Research Magazine, a sister publication of National Underwriter.
Other survey findings:
o 67% of advisors surveyed say more than 10% of their clients are now using alternative investments.
