The Traderszone Network

Published in TZ Latest News 22 June, 2015 by The TZ Newswire Staff

Hedge funds for masses lose shine as Goldman, Pimco see outflows

Flows into hedge fund-like mutual funds, a category that attracted almost a third of the money going into actively managed funds in the past six years, have slowed this year to the weakest pace since 2008. The strategies, which include non-traditional bond funds and alternative stock funds, attracted just $1.2 billion from investors in the first five months of 2015, according to Chicago-based Morningstar Inc., down from $39 billion last year and a record $96 billion in 2013. The rapid drop in investor interest is a setback for firms such as Goldman Sachs Group Inc.

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