Investors looking to beat the average returns of the market will be heading to hedge funds and funds of hedge funds even more in the future, says new research. According to TowerGroup, a Needham, Mass.-based consulting firm, assets in hedge funds...
The separately managed account industry continues to grow, but the investment vehicle has yet to truly take off. SMAs grew 17 percent, from $528.7 billion in the second quarter of 2004 to $620 billion in the second quarter of 2005, according to a...