Facing the prospect of poor returns in traditional markets as interest rates rise, and with a natural desire for minimalist oversight, hedge funds and family offices are sharpening their focus on private markets and alternative investments.
The appetite among thousands of attendees at a trifecta of hedge fund and alternative asset conferences in Miami at the end of January to find new avenues for 'generating alpha' was palpable.
But as these sophisticated investors plow more cash into the shadowier parts of the investment universe, regulators are sharpening their antennae to the potential threat this poses to financial stability and even
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