The BlackRock Investment Institute believes investors should bulk up their exposure to hedge funds, the company said on Thursday.
The research arm of the asset manager suggests investors dedicate up to 5% more of their portfolios from their current levels to hedge fund investments, the highest the institute has ever recommended.
The broader hedge fund universe returned 1.1% in July and returns are up 5.2% so far in the year to July 31, figures from PivotalPath showed. Hedge funds are up roughly 8% over the past five years on an annualised basis.
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