Ultra Rich Ditch Hedge Funds In ‘06

Jan 18 2007 | 11:40am ET

Is the sky falling for hedge funds?

A new survey of the U.S.’s richest households finds that hedge funds have fallen out of favor with the people who pioneered investing in them: high-net worth individuals. While hedge funds continued to bring in new money last year—primarily from institutional investors—in spite of their myriad troubles, the richest Americans fled, and the richer, the faster.


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