Investment Europe – Hedge fund allocators were right last year in deciding to funnel more money to firms with $1bn or more – dubbed the ‘Billion Dollar Club’ – but this year the higher exposure of smaller funds to rising equity markets has meant returns from the elite club have lagged, according to data providers.
Hedge fund allocators were right last year in their decision to funnel more money to firms with $1bn or more – dubbed the ‘Billion Dollar Club’ – but this year a higher exposure among smaller funds to rising equity markets has left the largest managers lagging, according to data providers.
