| Mcguiness: new asset managers “need to show investors they’ve got a proper infrastructure” |
Hedge fund proliferation is set to continue for some time, or so the services offered by the latest support business setting up in London seem to suggest.
Aspiring alternative asset management boutiques without substantial financial clout are being targeted by the start-up, HedgeSupport, which helps get them up and running and also provides back-office support. “A lot of people set up without huge amounts of money,” says HedgeSupport co-founder and managing director Steve McGuinness.
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