Investors with $5 million or more to invest are increasingly moving their money overseas, for fear that the U.S. is losing its competitive edge, Dow Jones reports, citing U.S. Trust’s 2007 Survey of Affluent Americans. On average, these investors expect to gain 9.66% abroad, versus 8.85% in the U.S.

Although more than 50% believe hedge funds are good investments in regard to returns and managing market risk, about 75% said it is difficult to find or investigate a good hedge fund.

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