Is hedge fund investing making a comeback?

After years of being the black sheep of the asset management industry, appetite for hedge funds may be returning according to Momentum Global Investment Management.

After the collapse of Lehman Brothers in 2008, the sector has endured persistently bad press, hitting both hedge funds and hedge funds of funds. However data from index provider Hedge Fund Research (HFR) indicate that the industry has been stabilising in recent months. John Caulfield, CIO of Alternative Strategies for Momentum Global Investment Management, said: "Demand for hedge funds remains robust. Assets are back to their pre-Lehman peaks of approximately $2trn. Although the trend is definitely one of the big getting bigger, large funds account for approximately 3% of the universe by...