British Regulators Set To Allow Retail Fund Of Funds Access

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.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note