Fund bosses go for gold

INVESTORS have moved away from private equity and hedge funds and towards assets such as gold, according to new research.

Market volatility has driven the change over the last six months, according to a study from LPEQ, the association of listed private equity investment companies, and the Scorpio Partnership.

It said, however, that fund managers will move back to private equity in the next six months as they seek better returns. Half of the chief executives and investment professionals asked said they plan to invest in listed private equity in the next six months.