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Hedge funds find new Swiss rules good for business

Reuters – At least ten new hedge funds are set to launch in Switzerland this year, after none in 2012, in a boost to the country’s $24 billion industry, sources familiar with the plans said.

Fund managers had feared tighter legislation passed this year would damage the hedge fund sector in Switzerland, but the new rules have in fact attracted institutions previously unable to invest in such funds by giving them more protection.

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