Barep Asset Management, a subsidiary of Société Générale Group specialising in alternative investment, has created a marketing and communication department to take advantage of French investors' interest in hedge funds. Barep has made Patrick Cohen head of the new department. Cohen joined Barep Asset Management in 2001. France's hedge fund industry has grown at a rate of 43% a year over the past two years, according to a survey published by Artérias, the research firm.

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