The Hot New Hedge Fund Strategy (Hint: Stop Being A ‘Hedge Fund’)

(The Business Insider) There has been a rush of hedge funds suddenly converting to so-called family offices in the past few months. A family office manages only the money of the hedge fund manager, his or her family members, and the money of some of the fund’s key employees. The sudden switch has come during a period where many funds have struggled for performance. The average hedge fund has fallen 3.48%, according to data from HFR…”

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