Siren morphs into girl next door

By and Kevin PakenhamJune 2006 (Magazine)

Promising alluring returns from investment processes that are sometimes mysterious and seldom transparent, hedge funds have been the recent sirens of the global asset management industry. Recent reports estimate assets in such vehicles have grown to $1.5trn (€1.2trn) worldwide, $325bn in Europe alone. While double counting is even more of ...

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