In the late 1990s, stock market flotations were a licence to print money, and a queue of .com entrepreneurs seized the chance to make hay while the sun shone.
In the footsteps of the .com millionaires, the first years of this century could see hedge fund managers the main beneficiaries of investors' appetite for new listings.
The logic seems sound - an industry predicted to grow from around $600bn assets under management to burst through $1 trillion, charging 20% incentive fees? Float it and
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