Going for gold

Pioneer Alternative Investments (PAI) may be targeting to double its assets from the present E2bn by 2005, but this financial aim is accompanied by another equally important goal.

As Alberto La Rocca, PAI's chief executive officer, explains, PAI's growth in funds under management, of E405m at 31 July 2003, will be matched by ongoing investment in PAI's operational infrastructure. This will include the functions of legal, compliance, fund accounting and audit, risk management and

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