The top list of Institutional Investor’s hedge fund list reveals a truism about institutional investors without saying it out loud.
Favor given to largest hedge funds
Hedge fund assets grew in 2013 by 9.7 percent, to $2.85 trillion, according hedge fund data provider eVestment, while the top 100 funds, the upper percent, account for more than half of total industry assets, and their share has been increasing, an article in Institutional Investor noted.
The issue is the asset disparity between the top 2% of hedge...