Hedge funds evolve to meet institutional demands: Mercer

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US - The lines between hedge fund managers and traditional asset managers are fading as more traditional managers establish a presence in the growing hedge fund market, says Mercer Investment Consulting (Mercer IC).

According to Mercer IC, the hedge fund industry continued to grow in size and prominence in 2004 with between 7000 and 8000 hedge funds representing nearly US$1trn in assets under management. Pr...

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