Man Group Plc, the world’s largest publicly traded hedge fund, saw its assets soar to a record in the three months through September, as clients poured more money into long-only products and performance improved.
Stockpicking hedge funds are coming back into favor for the first time in two years after a turnaround in their performance.
More hedge funds are agreeing to conditions on their performance fees, reflecting a tougher environment for attracting investors to riskier strategies.
