Study: Hedge fund flow drops

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GLOBAL - Investors added a net US$4.57bn to hedge funds in the second quarter as they pulled out mutual funds, according to Tremont's TASS Research.

But the research showed that inflows were down compared by nearly US$1bn compared to the previous quarter. Net inflows in Q1 stood at US$5.6bn. Investors continued to favour long/short equity an...

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