Big Losers Mask Net Gains In Hedge Fund Assets

(Reuters) Pension funds,endowments, wealthy individuals and other investors are not giving up, and instead are looking for funds that will provide better returns, or help cushion their portfolios from losses. Unsurprisingly, fund managers that have performed well this year,including Millennium Management and Two Sigma, have attracted more money. Each has returned more than 10 percent in 2015, compared withgains of 0.3 percent for hedge funds on average….. In turn, investors have poured billions of dollars into each….. But those gains belie asset declines elsewhere…

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