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Credit Suisse releases hedge fund

Hedge funds are to be sold to small investors for the first time next year by Credit Suisse First Boston.

Traditionally used by the super rich to achieve very high returns on their cash, hedge funds usually have a minimum investment of £150,000.

However, the CSFB fund will start at £7000 and can be placed in a Isa.

It will focus on low risk and low volatility with fees being kept to a minimum.

Companies in the UK are usually banned from selling hedge funds to small investors by the FSA.

But CSFB has found a way to overcome this by structuring the fund as a Dublin listed company allowing the fund to be marketed in the UK as authorised and registered.

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