Goldman Sachs: Investors expect to pull $20 billion from hedge funds in 2020 - Business Insider

Net outflows from hedge funds in 2020 are expected to be about $20 billion, according to a study by Goldman Sachs that in December surveyed 444 allocators advising more than $1 trillion in assets. The bulk of the outflows are expected to come from pension funds, endowments, and family offices, according to the report.

In the last five years, hedge funds have underperformed a traditional 60/40 equity bond allocation for the first time since 1990, according to the report. Investors have dumped the funds in favor of cheaper investment vehicles taking advantage of the record bull market run. Underperformance has changed the hedge fund landscape, according to the report. "Many allocators now focus primarily on the diversification benefits of hedge funds," Goldman Sachs wrote in the report. They're taking a very nuanced, surgical approach to the way they invest in hedge funds and are no longer considering them homogeneous asset classes, according to the report.

United States United States Latest News, United States United States Headlines

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

Goldman Sachs says impact of coronavirus will be ‘limited,’ and these are the stocks to buy if it’s rightGoldman Sachs says the impact of the coronavirus will be 'limited' and investors should look to cyclical and value stocks. Value stocks like tesla? Did you say 'sick-lical' stocks? Same guys who screamed about $200 oil 10 years ago? Yeah. No street cred. GS advice peaked a long, long time ago.
Source: MarketWatch - 🏆 3. / 97 Read more »

Hedge fund Elliott creates position to oversee portfolio companies - Business InsiderThe hire highlights an evolution at Elliott, from an activist investor known for aggressive tactics to one that also works collaboratively with management.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Battery Ventures just raised $2 billion for its biggest fund yet - Business InsiderBattery Ventures partner Chelsea Stoner explains why she looks for startups that can't be reached by a direct flight as her firm announces a new $2B fund hblodget Always direct on the PJ
Source: BusinessInsider - 🏆 729. / 51 Read more »

Impala: London tech startup raises $20 million round from Lakestar - Business InsiderThe startup, which wants to be the Plaid — a startup which provides the tech infrastructure for financial services — for hotels, was founded in 2016. Great!!!!! 👏👏👏
Source: BusinessInsider - 🏆 729. / 51 Read more »