Hedge fund performance reaches vital point: Preqin

Institutional investors represent a growing proportion of global hedge fund assets under management, but compelling performance by managers will be crucial this year to attract strong flows into the asset class, says data provider Preqin. In the fourth quarter of 2012, institutional money represented a capital-weighted average of 63% of a hedge fund’s AUM, up from 61% in 2011 and 45% in 2008, according to Preqin. A poll by the research firm of investors globally found that 57% s…