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IFAs could have hedge role

Advisers can be the “gatekeepers” to allowing the average investor to benefit from the high returns delivered by hedge funds, says John Redwood.

Speaking at a meeting with the IFA Defence Union, the MP said the Tories are looking at ways to give more people access to hedge funds.

He said IFAs need to be constantly promoting their usefulness to the public and, with some regulatory changes, they could be the perfect portal to retail investors accessing hedge funds.

Redwood said: “What we are witnessing is people in the City making a lot of money in an area such as hedge funds which is a barred area for those with less wealth. Is that right?

“Is there a way of producing an answer that allows others to participate in what is an interesting innovation without undue risk? Maybe the IFA industry has something to offer here. They could be the gatekeepers to this.”

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