The Italian attraction

At the end of its first year, the Italian hedge fund market has reason to celebrate. Spurred by a series of tax incentives, it is projected to double in size by the end of 2002.

This is even more impressive when you consider the simplicity of the product range: funds are limited so far to high minimum, low volatility funds of funds aimed at high net worth clients, a market segment dominated by the smaller private banks. But this is set to change.

A fleet of single manager products are before re