A Citi Prime Finance report said that global institutional investment in hedge funds would increase 56% to $2.3tln by the end of 2017 from the end of 2012, PIonline.com reported. Also, according to the FT, “the next source of growth for the hedge fund industry are the widows and orphans of the mutual fund market, according to Citigroup, which predicts that retail assets will more than triple to $940bn during the next four years, from $305bn at the end of 2012.”
In the week ending May 17, 2013, The FT said that Blackstone was preparing to launch a “super” hedge fund; John Paulson partnered with insurer Philadelphia Financial Group to offer a new fund that lowers U.S
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