Thematic: Advice will be key for wider hedge fund access

Clear advice on hedge funds is seen as a vital element of giving retail investors access to the asse...

Clear advice on hedge funds is seen as a vital element of giving retail investors access to the asset class, but firms disagree on the most effective method to open long-short vehicles to wider investment. According to Martin Cornish, a partner at law firm Katten Muchin Rosenman Cornish, there is a need to educate intermediaries about hedge funds. “The education process would take most of the time between now and any rule changes,” he said at a roundtable on the retailisation of hedge funds held last month. He pointed out the FSA plans to consult the industry in early 2007 as part of ...