Thursday, 2 April 2015
Last updated 11 hours ago
Feb 22 2008 | 3:11pm ET
British retail investors will have a new place to put their money by the end of the year: funds of hedge funds.
The U.K. Financial Services Authority plans to promulgate new rules allowing individuals outside the high net-worth set to invest in funds of funds. Single-manager funds will remain the preserve of institutional investors and the very rich under the proposal.
In a statement, Dan Waters, director of retail policy at the regulator, said the new rules “allow more choice and a better opportunity for risk diversification, while maintaining consumer protection.”
The FSA will consult with the industry before enacting the rules. The regulator has been mulling retail access to hedge funds for more than two years.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…