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Consultants Can’t Quit Hedge Funds

Despite lackluster performance, hedge funds still score big points with consultants, who are recommending them to clients in greater numbers, a new survey shows.

What do hedge funds have to do to fall out of favor with consultants? This group is more bullish on hedge funds than it was a year ago, even though the average fund continues to lag the broad market averages for a fifth straight year, a new survey shows. Some 38

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