Most hedge fund clients look to shift some money

Reuters – Most hedge fund investors polled by Goldman Sachs plan to pull some cash from their current managers in the coming months, with the majority citing poor performance as the reason, according to results of a survey seen by Reuters.

The vast majority of that cash, which could amount to more than $100 billion, would likely go to another hedge fund manager who is delivering stronger returns, according to the survey of U.S. investors on their redemption plans.

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