The Italian attraction

Tax incentives are enticing investors to the Italian hedge fund market, to such an extent that the market is expected to double by the end of 2002.

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

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