industry news
Italian hedge fund experts have heralded as a 'fundamental step' rules that took effect in mid-May to halve the minimum investment in onshore hedge funds to E500,000. Alberto La Rocca, chief investment officer of Pioneer Alternative Investments, said the rules from Italy's Central Bank represented a 'fundamental step into a more mass affluent type of industry rather than limiting to the high net worth industry.' While the minimum would still be too high for many, he added this may not be a bad thing, and the recent lowering was a step in the right direction. 'Due to the nature...
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