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Newsletter

People 'need to improve their knowledge of hedge funds'

By Sarah Engle, Tue 8 Jul 2008 - Published in Banking

If people are to compare money-investing schemes with any kind of authority there has to be greater understanding of hedge funds, Bestinvest has claimed.

Hedge funds are investments intended to make money on an annual basis regardless of the economic climate.

Last month, it was revealed that the Financial Services Authority (FSA) was to look at removing the ban on hedge funds being marketed at investors in the UK.

Datamonitor predicted the hedge fund market in the UK would increase from £6.3 billion last year to £37 billion by 2012.

John Davey, an analyst at Bestinvest, commented: "If the FSA is to review the ban then there is really a duty for everyone involved in IFAs and wealth managers to bring their knowledge up to speed."

He added the review presented a "business opportunity" which would encourage people to get to grips with the funds and allow them to take advantage of the new market which could open up.