Hedge funds expected to attract more dollars

Hedge funds expected to attract more dollars

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BPC Staff | Jan 16, 2012 | 4:06 pm |

<1 min read time

| 79 words | Insurance |

Investors may add about $80 billion of new capital to hedge funds this year, the most since 2007.

Investors may add about $80 billion of new capital to hedge funds this year, the most since 2007, according to a Barclays PLC survey, Bloomberg reported. About 56 percent of investors surveyed by Barclays plan to increase such investments in the coming year, more than seven times the number who plan to reduce their allocations. Endowments, foundations, private banks and public pensions will most likely be the sources of new capital to the industry, Barclays said in a statement.