Making a challenge

At the start of the hedge fund boom in the mid-1990s, the Grand Duchy of Luxembourg took a more cautious approach, allowing Dublin to emerge as Europe's first service centre for alternative investments. Now that Luxembourg has shown new commitment to this sector, can it come to dominate the European market? Dublin gets off to a head start Dublin was well-positioned to take advantage of the European hedge fund boom before it even began. The jurisdiction's involvement in servicing the US hedge fund market gave it experience before hedge funds caught on in Europe. When the hedge fund boom...