The nextgeneration

The hedge fund industry has grown at an unprecedented rate as increasingly more private and institutional investors look for ways to diversify their traditional portfolios.

While still attractive, it is no secret hedge fund returns have flattened over the past couple of years, partly as a result of capital inflows and the resulting competition within certain strategies. Other factors include lower equity market returns, lower corporate activity (mergers and acquisitions, spin-offs, IPOs and new

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