(Reuters) The world’s largest investors in hedge funds added to their holdings over the last year, in spite of the sector’s weak average performance, a study by Preqin showed.
Fifty one investors raised their hedge fund allocations to $1 billion or more over the last year, while only 27 cut their allocation, boosting the total number of such investors to 227, Preqin said on Wednesday.
Collectively, such investors had $735 billion in hedge funds or roughly a quarter of all the assets allocated to the industry, an increase of 13 percent over the previous year.
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