|The underperformance of hedge funds these past few years is not deterring institutional investors from handing over more than a billion dollars to Dyal Capital Partners to find the top performers in 2013. According to Reuters, Dyal Capital Partners has attracted more money than they were targeting from at least 40 global institutional investors to establish a private equity fund that will invest in a basket of hedge funds. |
Neuberger Berman, which has been tagged to manage the fund, has already taken minority stakes in two hedge fund firms thus far, and it expects to add 10 to 13 more hedge funds in the next two quarters. Dyal Capital Partners, joins Blackstone Group and Goldman Sachs in this niche market once dominated by banks which have largely abandoned it due to increased regulation and poor returns.
|Hedge Fund Lists|