GLOBAL - Pension funds look set to fall tantalizingly short of enjoying their best year of investing in hedge funds since 1999, although any gains from 2009 will be welcomed after the alternative asset class suffered its worst ever losses the year before.
Late last year, the US$1.5trn hedge fund industry was widely expected to end 2009 by registering its best year for investors in a decade, when it made 31.3% in 1999, according to data providers Hed...
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