France develops new code of conduct for alternative investment

France could become one of the first European countries to allow hedge funds to be regulated and sold according to the same rules governing the country's more retail vehicles.

French investment boutiques will be the beneficiaries of a planned relaxation in the country's fund regulations, leading to a move away from large asset managers and banks being almost the sole providers of hedge portfolios.

Regulatory changes and political moves to create a private pension industry could be the catalysts to

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