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"Boring" hedge funds shake gung-ho reputation

A decline in overall hedge fund returns relative to the wider equity market in the wake of the global financial crisis reflects a change in the demands of sophisticated investors, and is not a sign that alternatives are becoming less attractive, according to the Alternative Investment Management Association.

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Read more: Christen ThomsonInvestmentAlternative Investment Management AssociationAustraliaMSCI WorldAIMAERMFinancial StandardOctober 2013Rainmaker dataUK pound