UK’s FSA to probe retail access to hedge funds
This would enable retail investors, who are already gaining access to products with hedge-fund investment characteristics through a variety of means, to invest in products that would be subject to the FSA's regime for authorised collective investment schemes.
At present, many independent financial advisers (IFAs) are currently distributing offshore fund of hedge funds products, so the FSA’s decision means that more onshore funds will be invested in hedge funds, says London-based David Davies
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