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Multi-manager hedge funds hook investors with returns recovery

Reuters  |  LONDON/NEW YORK 

By Maiya Keidan and Lawrence DelevingneLONDON/NEW YORK (Reuters) - Multi-manager hedge funds, often star performers, have recovered from below-par returns in 2016, with investors adding $1.2 billion to them during the first three quarters of 2017. Although traditionally they are meant to achieve some of the best returns by running different investment strategies and moving money between them based on their success, many investing approaches used by hedge funds actually lost money in 2016.As a result, $1.8 billion flowed out of multi-manager funds last year, industry tracker Eurekahedge data ...

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First Published: Fri, November 10 2017. 21:06 IST
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