Doors to Italian hedge fund market open to new investors
laws halving minimum investment to e500,000 to widen audience
Italian hedge fund experts have heralded as a 'fundamental step' rules that took effect in mid-May to halve the minimum investment in onshore hedge funds to e500,000.
Alberto La Rocca, chief investment officer of Pioneer Alternative Investments, said the rules from Italy's Central Bank represented a 'fundamental step into a more mass affluent type of industry, rather than limiting to the high net worth industry.'
While the minimum would remain high for many, he added, this may not be a bad thing
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