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In association with Hedge Fund Intelligence |
The growth of the hedge fund industry in Europe has hitherto been remarkably scandal-free. This contrasts starkly with the US, where there has been a continuing series of blow-ups and frauds – with egregious cases such as Manhattan, Lipper, Lancer, Beacon Hill, Durus, Bayou and Wood River continually cropping up, and keeping the media filled with bad news about hedge funds. But there has always been the risk that, as the industry in Europe grew, problems would sooner or later emerge there too.
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