Investors allocated a net $4.4 billion to hedge funds in February, 80 percent less than the average pledged during the month since 2010, according to data from eVestment. February typically sees increased inflows as investors rebalance their portfolios and the drop reflects investor dissatisfaction with returns last year, eVestment said. In the six years to 2015, investors added an average $22.6 billion in net new capital to hedge funds every February.

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