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Insight: Absolute return funds: no sure refuge By Sinead Cruise and Tommy Wilkes

Thu, Aug 18 2011 LONDON (Reuters) – Absolute return funds could be turning into Europe’s next investment mis-selling row. As freefalling equity and bond markets ravage people’s savings, private investors globally are piling into the funds, which aim to deliver positive returns whether markets are rising or falling. That demand has driven the assets held in absolute return funds to 182.1 billion euros globally at June 30, data from Lipper, …

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