Hedge fund hires rose sharply through August as institutions seek protection and alpha.
Assets fell 3% for the year ended June 30 for institutionally oriented hedge funds, a survey shows.
Hedge fund managers with an institutional orientation experienced aggregate net asset declines in the year ended June 30.
Institutional investors increasingly are asking for and receiving customized versions of flagship hedge fund strategies.
Hedge fund assets grew 3% for the year, Pensions & Investments' survey shows.