Salient to Investors:

Goldman Sachs expects hedge funds to return an average of 4 percent to 5 percent over the next 5 years amid low interest rates.

Hedge funds trailed global stocks in 2012 for the fifth time in 7 years: a 6.7 percent gain versus 17 percent for the MSCI All-Country World Index and 16 percent for the S&P 500 Index.

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