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Investors

A tough nut to crack

Legal impediments and excessive taxation have stunted the German hedge fund market. If these are eased there should be massive growth

Sharpe practice

Schroders' emerging markets Astra fund is aiming to achieve good returns with a Sharpe ratio of about one and two-thirds the volatility of its benchmark

Reality check

Equity hedged portfolios with a bias toward the US are popular in the market at present

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