Private equity had a good year, but individual selections of stocks and other assets hobbled overall showing, report says.
The effect of the outbreak has been ‘exaggerated,’ hedge fund honcho declares.
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.
Former Legg Mason manager, slammed in crisis, sees holdings surge 120%.
It’s the second consecutive year of outflows in the industry as managers struggle to keep pace with the broader market.