Advisers turn to private equity as hedge funds lag

Advisers are investing for clients in private equity funds, side-by-side deals, and funds of funds

Call it the latest status investment.

As hedge funds lose some of their cachet amid poor performance and an overabundance of offerings, some financial advisers are increasingly turning to private equity as a way to diversify clients' portfolios.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump