Changes in hedge fund industry open opportunities for family office investors

The credit crisis has exposed flaws in many families' investment strategies, according to Guy Paterson, CEO of the family investment office at Unigestion.

He says the hedge fund market had been going through a period of significant change in portfolio construction even before the credit crisis struck but now the flaws are more apparent.

Paterson says family offices and multi-family offices will have to invest significantly in research to maintain family wealth. He warns that without top-class

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