Expectations dashed

Hedge funds

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It’s been more than 12 months since the German authorities introduced legislation to allow domestic investors to tap the hedge fund market. But rather than the big bang many were predicting, Germany’s hedge fund market has started off with more of a whimper. Investors have been wary about putting their cash into hedge funds, a reluctance not helped by a widely reported €600 million fraud at one German fund earlier this year. Hedge fund managers, meanwhile, complain about overly stringent req

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