Too Many Hedge Funds or Too Few Tech Stocks?

According to the 2017 JP Morgan annual Institutional Investor Survey, institutional investors believe that there are too many hedge funds out there chasing too few opportunities. The 251 respondents to the survey reported an aggregate of $600 billion invested in hedge funds at the end of the year. Chinese Property Bubble: Set To Burst In The Next Four Months? Chinese Shadow Banks De-Levering, But No One Knows What Lies Beneath 70% Of Active Mutual Funds Outperform In January 2018 Just under two-thirds of this group, around 60%, believe that there are too many hedge funds chasing limited opportunities to generate…