UK's FSA announces proposals for wider retail access to alternatives
The UK's Financial Services Authority (FSA) today set out proposals that would allow UK retail consumers to invest in funds of hedge funds and other alternative investments sold by firms authorised in the UK.
"Retail investors here are already able to get exposure to hedge funds and other alternative products in a variety of ways, including structured products," the FSA said in a stement. "The FSA now believes the time is right to allow the development of retail-oriented Funds of Alternative Investment Funds (FAIFs) within its regulatory regime. This would bring substantial structural and operational
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