Jim Kim, Fierce Finance, November 30, 2010
We've been talking about the cross-pollination between the hedge fund industry and the mutual fund industry for a while now--in the context of retail-oriented funds of hedge funds, the rise of 130/30 funds and the recent move of hedge funds into the traditional mutual fund category.
Diamond Oak Capital Advisors is laying the ground for the rise of what it calls "hedge fund mutual funds." It basically puts a hedge fund strategy into a "transparent, publicly available mutual fund structure," notes Business Insider. "We predict that within the next 3-5 years, the world will see hedge funds abundantly offering public vehicles housing their strategies, a Hedge Fund Version 2.0," said the firm.
Comments