BGI to EU: Let us sell retail hedge funds
| Apr 3rd, 2007 | Filed under: Hedge Fund Regulation | By: Alpha Male |
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BGI, arguably the inventors of the index fund, have told European securities regulators they want to get into the retail hedge fund business. According to a Bloomberg report yesterday, the firm (which controls over half of the US ETF market) believes mutual funds should be able to invest in hedge fund index linked derivatives just like they do with equity index linked securities such as ETFs.
The man responsible for regulatory matters pertaining to index-linked funds at BGI, Stephane Kuzmin, told a Paris meeting of the Committee of European Securities Regulators (background paper on the hearings):
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