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Archive

Simon Turmaine | May 3, 2007

LONDON—Hedge funds move a little nearer the investment mainstream with a new proposal to allow retail financial consumers in Britain to put money into Funds of Alternative Investment Funds (FAIFs). These new, retail-oriented and regulated vehicles will be able to invest in unregulated sectors such as hedge funds and private equity once the proposals announced in consultative paper* in late March by the Financial Services Authority (FSA), Britain’s financial watchdog, get the go-ahead.

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