The most successful idea in hedge funds is now simply strength in numbers.
Investors are plowing money into funds that don’t rely on the next macro genius or star stockpicker, but instead offer an army of traders who invest in an array of strategies. These behemoths secured pretty much all of the new money in the hedge fund industry last year, cementing a tectonic shift that’s accelerated since the pandemic.
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January 31, 2022 at 04:01AM
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Top Hedge Funds Citadel, Millennium Shift $4 Trillion Sector From Rock Stars - Bloomberg
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