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Hedge fund manager sees his fund as a "luxury product"

Mikael Petersson manages Swedish hedge fund Coeli Absolute European Equity with EUR 56.6m under management. "I don't have a problem charging for the excess return that I deliver. I think it is absolutely fair," says Petersson when confronted with the asset management industry's criticism of high fees.

Mikael Petersson has launched his own hedge fund. Photo: PR

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