Hybrid funds have been rising in popularity as hedge funds seek new return sources, and experts say these new investments are giving new life to a once-maligned practice: side pockets.
Originally relied upon by hedge fund managers and vilified by their investors in the years following the global financial crisis, side pockets are popular again as a way to offer more flexibility and preventing the use of gates should market valuations falter.
Indeed, valuation pressures are rising from crypto to venture capital and private equity.
According to a recent S&P . . .
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