Investment Banks Eye ‘Hedge Funds for the Masses’

Investment Banks Eye ‘Hedge Funds for the Masses’

Several investment banks are said to be eyeing the launch of hedge funds for retail investors with minimum investments as low as $1,000 following the launch of a Goldman Sachs fund in May that raised $58 million in less than two months.

Goldman became the first major investment bank to launch a multi-manager hedge fund for the retail market, and other banks are said to be planning similar offerings, according to Amy Bensted, head of hedge fund research at alternative asset data provider Preqin.

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