UK - Consultants PricewaterhouseCoopers (PwC) has issued a scathing attack on the recent investor "binge" on hedge funds, stating that the only way pension fund trustees can benefit from them is as "spectators".
The periodical pensions report issued by the firm’s actuarial and benefits arm goes on to state that the latest hedge fund boom will “inevitably” spiral downward and has “some of the hallmarks of a...
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