Assets – Eurekahedge: FoHFs have lost half their assets since 2008 and underperformed hedge funds by 8 percentage points YTD, Tudor Jones turns away investors as hedge fund outflows persist, Two Jupiter funds capture GBP342m in pre-launch fund raising, Putnam Investments’ new absolute return mutual funds took in $1bn this year
Eurekahedge: FoHFs have lost half their assets since 2008 and underperformed hedge funds by 8 percentage points YTD
From Wealth-bulletin.com: The fund of hedge funds industry has seen its assets drop from a peak of more than $800bn (€550bn) last year to just over $400bn as its investment performance has fallen far behind its benchmark.
Record redemptions this year have driven the value of assets under management...
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