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Asia's richest families are abandoning 'complacent' hedge funds

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For Michael Preiss, whose firm oversees US$1.9 billion mainly for wealthy Asian families, adding hedge funds to his clients' portfolios was an easy sell some years ago. Not anymore. The executive director at the Singapore-based Taurus Wealth Advisors Pte Ltd multi-family office said his clients are disappointed with mediocre hedge…

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Click here to read the full story: The Business Times

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