View more on these topics

Public favour direct hedge fund access

Only 10 per cent of people think access to hedge funds should be restricted to professional investors, with most favouring wider public access.

Fifty-five per cent favour direct access while 35 per cent think access should be given but only through specialist investment managers, according to a survey of 3,091 people by F&C Investments.

Francois Barthelemy, a partner at F&C’s fund of hedge fund business, F&C Partners, says: “Investors are becoming more sophisticated in their investment choices and recognise the benefits of hedge funds as a risk-reducing tool in their portfolios. Provided that hedge funds are managed by teams of professionals, there is no reason why they should be considered any more risky than the average equity or fixed-income investment.”

Seventy-seven per cent of respondents think the FSA should extend the marketing of hedge funds to retail investors but 63 per cent believed strict guidelines were needed.

Fifty-two per cent say they would prefer absolute returns irregardless of market conditions while only 14 per cent preferred traditional fund goals against an index.

Barthelemy says: “Funds of hedge funds, managed by a team of investment specialists with the necessary expertise to do a detailed screening, due diligence and face-to-face research process, provide a great solution for retail investors wishing to gain exposure to hedge funds.

“The closed-ended structure is also well suited to underlying asset classes such as hedge funds and their oversight by independent boards gives shareholders additional comfort that their interests are being looked after.


Ease of communication

It is mildly heartening to learn that the FSA cannot get away with ignoring European law. Had it taken the trouble to undertake anything in the way of consultation, a great many people in the UK financial services industry would have told it that the menu and initial disclosure document were highly unlikely to be the most effective means of clarifying for consumers the issues of advisory status or commission.

MetLife adds bond

The European arm of US-based MetLife has added a unit-linked investment bond to its product range.

Far horizons

I have recently been struck by what seems to be a sea change taking place in UK investment attitudes. Having worked in UK financial services for over 25 years, there is a lot that we can be proud of in terms of setting standards for the rest of the world. Over the years, however, it […]

CML urges N Ireland to tackle housing

The Council of Mortgage Lenders’ Northern Ireland chairman Derek Wilson has urged the NI assembly to tackle the shortage of affordable homes. He says the assembly should implement some of the reforms proposed in Sir John Semple’s report on affordable housing such as Homebuy.


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm