Hedge Fund Reallocations Show Investors Balancing Risks
Hedge funds saw their first month of net outflows in December after five straight months of inflows, but with steady growth, especially for long/short equity strategies, it doesn’t look like people are moving out of hedge funds. Instead, the net outflows (and some sector specific inflows) look like a round of year-end asset reallocation that could give us a hint of what investors expect in 2014.
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