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2014 “a watershed” for hedge funds amid rising pessimism

The majority of fund managers and institutional investors fear average industry returns will be half what they were in 2013 amid regulatory and fundraising challenges.
2014 “a watershed” for hedge funds amid rising pessimism

Fund managers and institutional investors have turned pessimistic on the hedge fund outlook, forecasting returns for 2014 will average out at half those of 2013.

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