Reuters – Large institutional investors who have ploughed tens of billions of dollars into hedge funds may rethink their allocations if the industry performs poorly yet again this year, one large U.S.-based investor said.
Christopher Vogt, global head of hedge funds at Allstate Investments, which has $95.6 billion (59.8 billion pounds) assets including around $1.5 billion in hedge funds, said the industry needed to deliver good returns in 2012 after several difficult years.
