Hedge funds lose their sparkle

Hedge Funds

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Ixis Corporate and Investment Bank (Ixis CIB) has until now catered for the institutional and wholesale markets with its North American hedge fund-linked business. The bulk of its institutional client segment consists of fund managers and fund-of-funds managers interested in creating a leveraged version of their funds to be repackaged and sold on to their clients. But this is about to change. "We now want to supplement our institutional business with a high-net-worth business," explains New

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