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Wealthy reduce investments in hedge funds, study

By Giulia Cambieri

Wealthy individuals have dramatically decreased their investments in hedge funds in the half year to November 2011 and one in five expect to further reduce them in the next six months, according to a new study.

The research, conducted by wealth industry consultant Scorpio Partnership and lobby association LPEQ, found that high net worth individuals have reduced their allocation to alternative investments in all classes of investment but gold and real estate.

However, a fifth of those interviewed expect to increase their investments in private equity, while one in three plan on reducing their allocation to gold.

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