CAN IT HAPPEN HERE?
September 2008, Wealth Manager
The allure--and complications--of foreign exchange-listed hedge funds.
By James Picerno
Wealthy individuals and institutions dominate
hedge fund investing, but the mainstreaming
of these products rolls on.
Strategies that traditionally have been
available only in the shadowy world of privately offered
hedge funds are increasingly popping up in mutual funds
and exchange-traded products. A recent example is
JPMorgan’s June launch of the first exchange traded note
that hugs a 130/30 index—a popular long/short strategy
in the alternative investment space. There’s also a growing
list of so-called publicly registered hedge funds and managed
futures funds with relatively low minimums.