Reuters, 23 Mar 2009, Kevin Lim
SINGAPORE (Reuters) - Fullerton Fund Management, a unit of Singapore state investor Temasek, is handing hedge funds a vote of confidence, saying it will allocate more money to the beleaguered products this year as it sees them offering greater downside protection relative to equities.
Hedge funds are under the gun, with record withdrawals by investors and the threat of greater regulation. Fullerton's absolute returns funds -- mainly funds of hedge funds -- lost 11-12 percent of their value last year.
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