Hedge Fund Strife Gives Rich Families New Swagger With Managers
- Family offices are benefiting as fund industry struggles
- In play: flexible fees, more access, tailored strategies
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It’s a buyer’s market in hedge funds and wealthy families are beginning to feel the love.
Turmoil in the fund industry is giving family offices a resurgence in power. As traditional institutional backers reconsider their hedge fund investments amid sluggish returns, those who manage money for the rich are gaining flexibility on fees, customized investments and more access to high-profile portfolio managers.