The hedge fund industry saw a net $80 billion of outflows for the year to Oct. 18, even as it raked in net profits of about $119 billion, hedge fund specialist Aurum Funds said in a report on Wednesday, as investors looked for higher returns elsewhere.
But investors may have been tempted away by rising bond yields, said Don Steinbrugge, founder and chief executive of Agecroft Partners, a hedge fund consulting firm.The 10-year yield on U.S. government bonds has risen 146 basis points in the six months up to Nov. 1. “Future growth will likely come from private wealth offsetting negative growth from institutional investors,” he said.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: