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Hedge funds lose appeal to wealthy individuals

Institutions have taken over as big investors in the funds.

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Mr Souede is positive about Japan and believes US economic growth is sustainable, although he is cautious about US equities.

FUNDS of hedge funds, which pool together alternative strategies and managers in a single fund vehicle, appear to have mostly dropped off the radar of high net worth individuals and family offices.

Instead, the bulk of inflows today is from institutional investors, who see the vehicle as

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