Thematic: Advice for retail investors crucial as firms offer hedge fund exposure

Clear advice on hedge funds will be a necessary element of giving retail investors access to hedge fu...

Clear advice on hedge funds will be a necessary element of giving retail investors access to hedge funds, say industry observers, but firms disagree on the most effective method to open the asset class to retail 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 that the FSA plans to consult the industry in ea...