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As pension funds in particular face increasing pressure to increase their returns to meet their obligations, their managers are turning to the private equity and hedge fund industries to fulfill their needs.
An industry body in Luxembourg, which serves as a financial center and tax haven for Europe and has one of its largest fund industries, set up a panel to establish the extent of any abuses there.
In contrast, donations from the private equity and hedge fund industries accounted for a significantly greater amount of the giving from Mr. McCain's largest donors, compared with Mr. Obama's.
Its merger advisory and fund-placement business both reported declines in revenue, owing to the dearth of deals and the continued troubles plaguing the private equity and hedge fund industries.
"The death of the industry has been greatly exaggerated," said Matthew Hoyle, founder of Matthew Hoyle Financial Markets, a specialist recruiter for the banking and hedge fund industries, based in Hong Kong.
"The death of the industry has been greatly exaggerated," said Matthew Hoyle, founder of Matthew Hoyle Financial Markets, a specialist headhunter for the banking and hedge fund industries, based in Hong Kong.
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