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News Highlights: Top Financial Services News of the Day

News Highlights: Top Financial Services News of the Day
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Hedge fund investment jumps in part on prospect of inflation

Hedge fund investment jumps in part on prospect of inflation Photo: Micha Theiner Luke Ellis said institutional investors are worried about inflation and its effect on bonds, so they’re turning to hedge funds as a fixed-income substitute. Asset owners significantly increased the pace of hedge fund investment in the first half of 2021 as they sought returns as well as diversification to protect portfolios from the potential of higher inflation, a rise in interest rates and higher volatility. Analysis of Pensions & Investments reporting of hedge fund activity found in the first half of 2021, hedge fund hires totaled $3 billion compared with $1.7 billion in the six months ended Dec. 31. Most of the investments went to single hedge funds.

Grab a chair and enjoy these suggestions

Grab a chair and enjoy these suggestions Some finance-related books on tap for P&I readers this summer, but still lots of escapist fare to peruse Norman Bendell Biographies, history and escapist fare ranging from popular fiction to travel guides top the summer reading lists of readers of Pensions & Investments. Ashbel C. Ash Williams Jr., executive director and chief investment officer of the $245.8 billion Florida State Board of Administration, Tallahassee, will be reading Hank and Jan Taft and Curtis Rindlaub s book A Cruising Guide to the Maine Coast this summer. The book is for background research for an August trip on Downeast Charter Boat Tours based in Maine, Mr. Williams said in an email.

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