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Private banks take a surprising stand, turn positive on hedge funds

Net inflows to hedge funds advanced by 1.6% in June this year according to data provider GlobeOp and it seems private banking clients may be willing to take a bigger piece of that action. In its Q3 Investment Outlook ‘Gauging value’, published this week, ABN AMRO Private Banking upgrades hedge funds to Overweight from Neutral, citing global macro, CTA, relative…

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