Institutional investors slow to grasp benefits of higher allocations to hedge fund strategies

Terrible teens

We eventually succumb to time, it’s true, but time depends on us. We carry it in our muscles and genes, pass it on to the next set of time-factoring creatures, our brown-eyed daughters and jug-eared sons, or how would the world keep going... We were the only crucial clocks, our minds and bodies, way stations for the distribution of time.
Don DeLillo (November 1936-), Underworld

Hedge fund managers must be fed up being told they need to be more mature. Continued institutionalisation naturally