A new report from Cerulli Associates finds that the hunt for a better return is leading growing numbers of European retail investors toward alternative funds. This phenomenon will create opportunities for asset managers willing to be flexible on fee structures, the firm details in the latest issue of The Cerulli Edge - European Monthly Product Trends Edition. Cerulli Associates says providers are making hitherto closed-off vehicles more accessible, boosting liquid alternatives including retail-friendly hedge funds, which are now available on direct-to-consumer platforms. The firm says that such funds number 500, with assets under management having more than doubled since the...