Hedge Funds May Be in for Another Tough Year

(CNBC) Years of mediocre returns and high fees are coming home to roost. Clients withdrew $70 billion from the industry last year, the largest outflow since 2009, according to Hedge Fund Research. Just over half the respondents in Deutsche Bank’s annual survey, who allocate or advise on $1.9 trillion of hedge-fund investments, expect the industry to see net outflows again this year. Yet fully 83 percent plan to maintain or increase their own allocations…

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