(New York Post) Yes, hedge fund managers, there really is a Santa Claus. Even though their performance has been bad this year, there’s no coal in their stockings. Indeed, pension fund investors might give them even more money in 2016. US pension funds are planning to “maintain or increase” their commitments to hedges next year, according to Preqin, an industry research firm.Pensions are now allocating about 9 percent of their portfolios to hedge funds, up from around 7.4 percent in 2011, Preqin’s survey shows.
Hedge fund managers have reason to celebrate this holiday season
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