High-net-worth individuals' appetite for hedge funds was never greater than in 2001, according to the World Wealth Report by Cap Gemini Ernst & Young and Merrill Lynch.
The report noted the world's richest people provided the lion's share of the 34% expansion in assets under management in alternative investments, with high-net-worth investors principally interested in hedge funds and structured products, by 34% in 2001.
'High-net-worth investors invested in principal protected notes, especially
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