Trends in Preferences in the Market for Alternative Investments: A Summary of Recent Deutsche Bank Alternative Investment Surveys

Abstract

Problem statement: This study introduced to the literature information on and from the Deutsche Bank Alternative Investment Survey: 2002-2009. Approach: All the survey data for our analysis is from the DBAIS survey. We obtained the interest rate data, from the St. Louis Federal Reserve. Results: Our results present important summaries of the trends and relationships among participants in the alternative investments market. The importance of the survey is evident by the growth from 168 to over 1000 respondents and the number of questions has tripled. Conclusion/Recommendations: Interesting findings include a dramatic increase in the use of managed accounts. Also, planned increases in allocations to the styles distressed debt and convertible arbitrage are positively correlated with each other and the Baa bond rate and they are each negatively correlated with planned increases in allocations to most other styles.