3.01 The key economic features of the alternative investment fund industry in France are best viewed in the wider context of asset management in France generally. The French asset management industry is one of the largest in the world, with assets under management over EUR 2,900 billion at the end of December 2012. This figure is comprised of over EUR 1,500 billion managed in French funds and over EUR 1,400 billion managed in discretionary mandates and funds domiciled abroad. 3.02 France ranks first in Europe and second worldwide (after the United States) for fund...
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