A few years ago hedge fund managers were powerful beings. They were able to command hefty fees in return for sizeable allocations from rich individuals wanting to grow their wealth through investments in a diversified, non-correlated asset class.
Investors who wanted more transparency or better liquidity were forced to shop around as managers, flush with capital, dismissed their demands.
Times have changed. Hedge fund investing is no longer seen as the preserve of the family offices and high net w
The week on Risk.net, December 9–15 2017Receive this by email