Opinion

Can double-digit returns make a comeback in 2013?

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Like Icarus flying too close to the sun, investors have learned a little bit about flying to the giddy heights of alpha possibilities, and how hard, and indeed fatal, coming down can be

By Susan Barreto

 
   
All of us in the prognostication business agreed that 2012 was the year that returns would matter, but little did we know that the hedge fund allocations would continue to grow despite weak performance across the board.

Like Icarus flying too close to the sun, investors have learned a little bit about flying to the giddy heights of alpha possibilities, and how hard, and indeed fatal, coming down can be. In the US, institutional investors of all types have reported hedge fund returns averaging less than 1% a month in