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January 09, 2019  

Bearish Forecast Proves Right

Industry professionals who participated in Hedge Fund Alert’s survey a year ago turned out to be overly bullish.Apparently buoyed by a more than 13% gain in net asset value for the average equity fund in 2017, survey respondents predicted, on average, that global hedge fund assets would increase 7% during the 12 months ended Dec. 31. But, in fact, worldwide assets under management contracted by about 5%, to $3.11 trillion at yearend,...

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