Hedge funds fall for that Gallic charm

While institutional investors in France may be turning their attention to non-correlated returns, they know what they like (and don't like), and it pays for managers to find out first, as David Walker explains

Two main regulatory issues exist when establishing hedge funds and hedge fund management firms in France, according to Alexandre Ippolito and Francois Leloup, partners at White & Case in Paris.

The first is a strengthening of constraints around people who "used to act as managers and advisory companies or those that were not considered as managers themselves, the lawyers say.

"Employees of advisory firms are now (included) in regulatory rules whereas in the past they could really act without