Reuters- Hedge funds are losing money but that doesn’t mean the $1.8 trillion industry is losing clients — yet.
Pension funds and endowments, whose big bets on hedge funds helped double industry assets in the last five years, are sticking with loosely regulated hedge funds for now, even as returns sag.
But they are also paying extra close attention to who is up and who is down, moving faster than ever in rotating among the industry’s estimated 10,000 individual funds and firing losers before they can do real damage to a portfolio.
