What’s the Hottest Hedge Fund Strategy? Not Hedging at All

Demand for long-only funds run by hedge fund managers is surging, thanks to a red-hot stock market.

Investors are flocking to hedge fund managers these days — they just don’t want to invest in their hedge funds.

Instead, allocators are pouring assets into long-only funds run by these managers, and they’re buying into these products at a much faster pace than they are investing in hedge funds in general.

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