Investors aren't happy with big-name managers' decision to hoard cash - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Some big-name hedge funds are just sitting on piles of cash while their investors are paying hefty fees for the privilege

it had shifted nearly a fifth of the portfolio into cash despite holding no cash 12 month prior.

This has left hedge-fund investors — who saw the average fund return roughly a fourth of what the market did last year — frustrated. Commonfund runs $26 billion for more than 1,300 endowments and foundations, putting institutions' money to work in third-party hedge fund managers. Most institutional allocators, like pensions and endowments, bank on their hedge fund managers taking riskier than their long-only peers and index-fund providers. But an expensive market has many value investors skeptical of the prices being demanded in the public markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Insider is seeking nominations for 2020 Logistics Disruptors - Business InsiderBusiness Insider is publishing its inaugural Logistics Disruptors list. And we want to hear from you.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Super Bowl LIV highlights NFL's pay-TV power - Business Insider - Business InsiderSuper Bowl ad prices hit new heights this year, and along with the more expensive ads, viewership rebounded to 102 million across all platforms.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investing book recommendations from top portfolio manager John Huber - Business InsiderJohn Huber's portfolio gained 55% in 2019 thanks to a hyper-concentrated approach to stock-picking. Here are 5 books he says helped him sharpen his strategy.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Newsticker - News & Tipps von Business Insider DeutschlandTrending: Big Tech companies are getting older but they can still learn new tricks Is that fortnite. RIP old fornite map. Fortnite really streching for advertising
Source: BusinessInsider - 🏆 729. / 51 Read more »

How founders and investors can capitalize on the parenting market - Business InsiderThere's been a revolution in parenting driven by millennials having kids later in life, and it's a huge economic opportunity for investors and founders (by Nico_Bossi)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple: Ex-investor in Xnor.ai denies knowledge of military contracts - Business InsiderApple reportedly scrapped the firm's involvement in Project Maven. One investor says he doesn't think they were ever involved.
Source: BusinessInsider - 🏆 729. / 51 Read more »