Hedge funds are a little too secretive for the appetite of most institutional investors, but if the funds change too much in order to suit a broader audience, they could lose the very thing that made them appealing. The cachet of the inside know on where the smart money is.

While hedge funds increasingly serve a larger range of institutional investors, including public and corporate pension plans, the funds once reserved for the very rich will need to change their approach if they want to embrace a larger share of institutional assets.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.