Euro and US fund managers are level, says JP Morgan

High net worth investors have as much confidence in the ability of European hedge fund managers to generate returns in 2003 as they do in US hedge fund managers, according to a survey by JP Morgan Private Bank.

Some 45% of 150 high net worth respondents said they expected better returns from US hedge fund managers, but this was almost matched by the 42% who expected European managers to be the best pick among hedge fund managers.

The bank polled the wealthy investors, many with at least $10m in

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