Saturday, 21st November 2009

 

25 June 2009 - Press Briefing

Hedge funds morph into mutual funds to tap ordinary investors

An increasing number of hedge funds are turning into mutual funds to target the middle class, according to a report in New York Post.

Following a similar move by AQR Capital, New York firm Bull Path Capital Management this week successfully converted one of its hedge funds into a mutual fund.

Apart from the large asset base enjoyed by mutual funds, hedge funds are also lured into creating these instruments because of the pretty attractive - and steady - nature of fees, the NYP report said.

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