Telegraph.co.uk- Net investment in hedge funds has fallen to almost zero this year as poor returns and the high-profile implosion of funds such as the $2bn (£1bn) Peloton fund have driven away investors.
Data from US-based institution Hedge Fund Research (HFR) shows the capital managed by hedge funds in the three months of this year rose by less than 1pc.
The increase of $16.5bn on a total of $1,875bn managed by hedge funds globally is the smallest increase since the beginning of 2004 when hedge funds were the preserve of a few super-rich individuals rather than an asset class widely held by pension funds and other financial institutions.
