Retail audience holds the hedge fund key

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Now, who would have thought it? After being regarded as second rate citizens by many hedge funds leading up to and after the crunch, retail investors now hold the main remaining key to accessing some of the world's most sought-after managers.

The best managers have shut their open-ended funds which the world’s largest investors typically used to invest but the door remains ajar at the closed ended investment trusts that invest in the capped...

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