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The Europe Hedge Fund 25

Our first ranking of Europe's biggest single-manager hedge fund families shows assets concentrated among a few large players.

In Europe, just as in the U.S., 2003 was the year that institutional investment in hedge funds began to take off. After three years of dismal returns in their traditional bond and stock portfolios, British, Dutch, Scandinavian and Swiss pension funds and insurance companies turned their attention to alternative investments,

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