Hedge Fund Investors Seek Expert Stock Pickers
- Health-care and TMT funds capture greatest investor interest
- Goldman Sachs’s prime brokerage surveys industry allocators
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The jacks-of-all-trades should watch out. Hedge fund investors want expert stock-pickers now.
That’s the consensus found in a survey of some 300 investors by Goldman Sachs Group Inc. Industry allocators -- including funds of funds, pension funds, consultants, family offices and endowments -- pulled $16.4 billion from generalist long-short equity funds in the first half of this year, more than any other strategy, according to data from the bank and Hedge Fund Research Inc.