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Hedge funds losing lustre after years of underperformance

Bernadette Tio
Many asset owners are pulling out of hedge funds, dismayed by their relatively high fees and low returns. Others, including some Asian institutions, are reviewing their allocations.
Hedge funds losing lustre after years of underperformance

Hedge funds were once investment darlings. In the years before the global financial crisis of 2008 they flourished, supported by investors eager to benefit from their investing smarts.

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