World's biggest hedge funds lose market share: Reuters
The world's biggest hedge funds lost market share to smaller rivals over the last year as a result of under-performance, Reuters reported citing data from Preqin. Total assets held by hedge funds with more than US$1 billion dropped to 88 percent in the year to end-March 2016 from 92 percent in the year-earlier period, the data showed. The slide in market share for larger investors did not stop funds from joining the billion-dollar club, with a further 98 reaching the total over the year.
30 May 2016•1 min read
