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World's super-rich families want more hedge funds, survey finds

Family offices are heading back to hedge funds.

More than a third of 185 investment firms for wealthy clans plan to boost allocations amid the economic upheaval caused by the Covid-19 pandemic, according to survey released Wednesday by Blackrock and Juniper Place, a London-based firm that helps asset managers raise capital. | Photo: Lucas Jackson/Reuters/Ritzau Scanpix/Reuters / X90066

More than a third of 185 investment firms for wealthy clans plan to boost allocations amid the economic upheaval caused by the Covid-19 pandemic, according to survey released Wednesday by Blackrock and Juniper Place, a London-based firm that helps asset managers raise capital.

Family offices and other investors soured on hedge funds in recent years, bemoaning high fees and lackluster returns. But the health crisis has given some of those managers a boost, particularly stock-pickers who benefited from aggressive bets on technology stocks and copious economic stimulus that drove equities to new heights.

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