Investments in traditional asset classes by US institutions shrank by $256bn (â¬165bn) last year as they moved billions of dollars into hedge funds and other alternative investments, according to new research.
The decline was equivalent to about 8% of the total $3.3 trillion asset pool, including both separate institutional accounts and commingled funds, that investment consultancy Callan Associates surveyed for its 2007 Style, Trend, Analysis and Research report.
