It is not often that the launch of a new fund or product warrants editorial comment in itself but in...
It is not often that the launch of a new fund or product warrants editorial comment in itself but in our minds this week's announcement by Standard Life of an investment trust to invest in private equity funds is a truly important innovation. Since the debacle of technology funds last year, which promised a new dawn in investment returns and provided only false hopes, the market has cried out for something significant to fill the void. Private equity, and not hedge funds, is this void in our view and access to private equity funds through investment trusts could be the new alternative f...
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