EDHEC slams FRR's exclusion of hedge funds

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FRANCE - A decision by the e27.7bn French buffer fund FRR to exclude hedge funds from its maiden alternatives investments has been criticised as "symptomatic of the freely circulating conventional wisdom" about the asset class.

Risk and asset management research centre EDHEC, who made the comment, also said the FRR’s (Fonds de Réserve pour les Retraites) reasons for the exclusion revealed a lack of familiarity with hedge ...

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