Investing
Hedge Funds Face Cash Drought as Most Strategies Lose Luster
- Fund clients pulled $280 billion in 2023, Goldman report finds
- Survey shows that credit remains most sought-after strategy
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It’s tough out there for new hedge fund managers trying to raise cash, and it doesn’t look like it’ll get easier anytime soon.
That’s a key finding from a Goldman Sachs Group Inc. report Friday on the outlook for the industry, titled The Waiting Game.