Hedge fund managers are looking to wealthy investors to replenish their funds despite the anger expressed by high net worth individuals over hedge funds’ poor performance and broken promises.

Almost three-quarters (73%) of hedge fund managers responding to a survey by US accountancy firm Rothstein Kass said affluent clients would be their top source of new capital, followed by single family offices (49%). The survey, conducted in January, included senior partners at 239 US hedge funds with at least $100m (€79m) under management, operating five years or more.