Hedge funds move to professional structure

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Hedge fund managers are becoming more professional, and the line between them and traditional asset managers is blurring, says a report from Greenwich Associates.

“Already, the hedge fund industry that exists today is a far cry from the image of a collection of small, mysterious firms that was pervasive just a few years ago,” says Dev Clifford, a Greenwich Associates consultant.

Hedge fund managers are adopting more professional structures to compete for the incoming flows of institutional ca

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