Soros Family Office, Texas Pensioners Lead Rush Into Hedge Funds
- Newly opened funds have attracted $15 billion in investments
- Moves come even as stock market rallies from its March low
A jogger passes in front of the New York Stock Exchange in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
After years of losing both clients and clout in financial markets, signs are emerging that hedge funds are back in favor in the U.S.
In the past few months, investors such as George Soros’s family office and the Texas pension fund have been plowing cash into hedge funds in an effort to diversify their assets after stock markets rebounded much more sharply from the coronavirus-stoked sell-off than anticipated.