GLOBAL - Hedge fund investments nose-dived at the end of last year, a survey by LJH Global Investments shows.
Its poll of 50 hedge funds found that investors put 20% less money into the asset class in the fourth quarter of 2002 than they did in the third quarter.
LJH also discovered that those hedge funds which invested in distressed companies – corporations that are bankrupt already or are sliding into insolvency – took in only US$21.7m (£13.6m) in new money last quarter, down from the US$32.7m (£20.4m) they received in the previous quarter.
This week's edition of Professional Pensions is out now.
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