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Professional Wealth Management: Hedge funds miss out on appetite for alternatives

In Elliot Smither's article Hedge funds miss out on appetite for alternatives for Professional Wealth Management, Patrick Ghali discusses that there has been a move away from large managers into smaller managers, commenting: “We [Sussex Partners] always questioned the value of some of these guys. They tended to be the ones who were very institutional, very large. Performance was so-so. They were all slashing fees. Pursuing a volume strategy almost. Now in the press you are reading a lot about redemptions, and funnily enough, these tend to be coming from the same big guys that got all the money before.”
The full article can be read here.

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