Research from fund of hedge funds Infiniti Capital says managers that have been running their funds for less than three years are outperforming older and larger managers. Infiniti’s emerging manager products lost 12% in 2008 compared with about 18% for average hedge funds. One reason, suggests Infiniti, is that larger well-established hedge funds have stickier clients, who are less hasty in their redemptions. As such, managers would have been later in recognizing the panic selling by investors.
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