Hedge fund assets are expected to grow 26% this year, to $760 billion...

Hedge fund assets are expected to grow 26% this year, to $760 billion worldwide, according to a new survey of hedge fund investors by Goldman Sachs’ prime brokerage unit. Hedge funds of funds should add the most to that increase, growing by 41%, according to the survey. Pension funds accounted for about 10% of total hedge fund assets in 2001, and should end 2002 with the same share, according to the survey. The most popular hedge fund strategy is long-short equity, with about 40% of assets. Multi-strategy arbitrage and convertible bond arbitrage tie for second, with about 10% of assets each.