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Britons would be attracted to hedge funds
08 July 2008
Hedge funds will interest the British public if they become available on the mass market, according to a financial advisor.
Last month, the Financial Services Authority (FSA) announced that it will review the ban on hedge funds being marketed directly to investors in the UK meaning that millions of new people will be attracted to hedge funds, claims Bestinvest.
John Davey, analyst at Bestinvest, said: "The absolute return strategies are perhaps not as risky as many people might perceive and some of the hedge fund strategies seek to produce a return through all conditions."
If the ban is overturned then the benefits of using hedge funds will need to be communicated to investors, according to Bestinvest.
"If the FSA is to review the ban then there is really a duty for everyone involved in IFAs and wealth managers to bring their knowledge up to speed," said John Davey.
In 2008 global hedge fund assets increased by 27 per cent to $2.65 trillion (£1.3 trillion), according to HedgeFund Intelligence.
