Financial News Online reports: A two-part revolution in hedge fund managers’ investor base has led them into direct competition with mainstream asset managers – and the hedge funds have not been having it their own way.
First, high net worth individuals, once the largest group of investors in hedge funds, grew disillusioned with them after late 2008, when they were dismayed to find they could not take their money out of hedge funds when they wanted to.
Second, Ucits III, European regulations on funds, came into force in 2007, allowing managers to sell a version of hedge funds to retail investors….
Learn more at http://www.efinancialnews.com/story/2011-10-10/fund-worlds-fight-for-their-lives?mod=sectionheadlines-home-AM
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