Business Services Industry

Registered hedge funds: retail investors enter the marketplace.

Australasian Business Intelligence, September, 2003

Sep 05, 2003 (Journal of Financial Planning - ABIX via COMTEX)

There are 7,000 hedge funds operating in the United States. They have $US600 billion of assets under management. Demand for retail hedge funds is growing. In 2002, the Securities and Exchange Commission received 21 initial registration statements from investment advisers who wants to offer registered hedge funds. Such funds are offered in the US by Oppenheimer Tremont, Bank of America, Charles Schwab and Excelsior and overseas by Schroders, HSBC and Societe Generale. Studies show that hedge funds should be included in any diversified portfolio.

Publication Date: August 2003

UNITED STATES.  SECURITIES AND 

EXCHANGE COMMISSION:

OPPENHEIMER FUNDS INCORPORATED:...

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