Wealthy are ignoring hedge funds, survey finds

Fri Apr 29, 2005



Wealthy U.S. investors with more than $1 million of investable assets are largely absent from the hedge fund investor landscape, with 78% lacking any exposure to alternative investments, according to a new survey.

The survey, conducted by Chicago-based financial services firm Northern Trust, polled 1,235 investors representing $7.3 billion in total investable assets.

The...

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