Reuters – France’s small band of hedge fund managers, long dismissed as risk-addicted buccaneers in their home market, are betting on a renaissance as investors burned by stocks and sovereign debt look elsewhere for returns.
It is a Europe-wide trend but one that matters in France, where big investors such as insurers and retirement funds – holding 2 trillion euros (1.61 trillion pounds) assets – are more risk-averse and put less into hedge funds than peers abroad.
