According to a recent study by institutional money manager State Street Corporation, although overall allocations to hedge funds have been in moderate decline, the majority of institutional investors intend to increase or maintain current hedge fund allocations over the next 12 months.  The study, conducted in conjunction with the 2008 Global Absolute Return Congress, indicates that the turbulent financial markets of 2008 have not significantly affected institutional investors’ asset allocations.  Indeed, three quarters of the investors surveyed, which included global public and government pensions, corporate pensions, endowments, foundations and insurance companies, reported that they do not plan to modify portfolio allocations.  We provide a detailed overview of the study.