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Is it safe to market hedge funds directly to the UK public?

“No. There is a certain amount of risk involved in hedge funds so marketing them directly should not be allowed. They should be regulated.”

John Stratton, Airevalley IFA

“Yes. It is no more safe to market anything from polos to pensions. Provided they give warnings, it should be caveat emptor.”

Stephen Goddard, Kerygma Consultants

“No. It is dangerous. The majority of people do not understand them.”

Andrew Brind, Meridian Financial Planning

“No. They are too volatile.”

Roderick Philpott, Philpott Financial Services

“No. Hedge funds are very complicated. The general public are confused with mini and maxi Isas, never mind hedge funds.”

Simon Hayes-Bosson, Amethyst Financial Management

“No. I know little about them and I could not recommend them to clients.”

Stephen Owen, Galbraith Owen

“Yes. As long as they are marketed sensibly. After all, VCTs are marketed direct to the public and they have an element of risk.”

Matthew Brown, Argent Consulting

“No, at least not without appropriate advice from a qualified adviser if someone is genuinely interested in hedge funds.”

Bernard Hunte, Robinson & Allfree

“No. They are too complex to market directly and clients would not under-stand the product fully. There are a myriad of complex products that a lot of the general public are not clear about.”

Adam Hammond, Fidelius

yes 22%

no 78%

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Schroders – Schroders Alternative Strategies Fund Diversified Fund

Tuesday, 3 September, 2002 Type: Offshore fund of hedge funds Aim: Growth by investing in fund of hedge funds Minimum investment: £30,000 Place of registration: Bermuda Investment split: 100% invested in fund of hedge funds Isa link: No Charges: Annual 1% Commission: Initial 3%, renewal 0.5% Tel: 020 7658 3714

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