The hedge fund of the future: the absolute-return institution


It goes without saying that in this age of technological innovation, it is very difficult to predict with any precision where any industry will be in five years' time.

If assets flowing into the hedge fund sector continue at this rate (or even at a slower pace), hedge funds will soon be managing more than $2trn, even without straying in earnest into the retail investment sector.

If the flow of assets dries up, it will be because an enormous scandal has finally burst the hedge fund bubble and

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