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New wave of products is on the way

The fund of hedge legislation will spark a flurry of new products hitting the investment market as most current products would still fall outside the current remit.

New Star director Ravi Anand believes that master/ feeder amalgamated approach would make the most sense as it would allow clients to invest 75 per cent of the regulated product into an existing strategy and 25 per cent in a more liquid vehicles, such as listed public hedge funds.

He said at the round table meeting: “This would maintain that you have got capacity, bearing in mind the master fund as you can market off the performance track record of that fund.”

Thames River Capital chief compliance and risk office Toby Hampden-Acton says that the company may look to use its in-house resources to produce a multi-asset vehicle.

He said: “We have a track record in a number of asset classes across our boutique so it makes logical sense to run a multi-asset vehicle possibly with long and long-short strategies.”

While welcoming innovation and variety, IFG financial planning strategist Donna Bradshaw suggested acting with a cautious approach when adopting new vehicles and ensure absolute trust can be built.

She said: “It is a fine line between innovation and caution. For advisers, it is a case of knowing that, as an offering, it works, so we can build a level of trust from there.”

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