Pension funds lead hedge fund boom

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GLOBAL - Institutional demand for hedge funds is set to triple to over US$1trn by 2010, led by pension funds seeking new asset classes to better match their growing liabilities, a report has claimed.

According to the study of over 100 clients by the Bank of New York (BNY) and Casey, Quirk & Associates, institutional investors will account for more than 50% of the total flows into hedge funds th...

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