"No Hedge Funds, Please. We're Wealthy"

Wealthy Investors Cling to Hedge Funds, says The Wealth Report, citing a Bank of America survey.

But hedge funds seem more popular with those who create and sell them than with high-net-worth investors. Of the 400 wealthholders surveyed by BofA, more than three-fourths (308) owned neither hedge funds nor funds of hedge funds.