Dec. 27 (Bloomberg) — Hedge fund investors, frustrated by the lowest returns in three years, say they are giving more money to managers who bet on stocks and macroeconomic trends because they expect them to post the biggest gains in 2006.
“Global macro will produce the highest returns, followed by equity hedge funds,” said Luis Rodriguez, head of risk management at New York-based Manhattan Family Office, which invests more than $1 billion on behalf of a wealthy family. He expects returns from both strategies to exceed 8 percent next year.
