December 11, 2006
Hedge Funds On A Five-Figure Salary
Earn a five-figure salary but dream of being in the big league, buying and selling hedge funds and making your millions? Don’t despair. Agreed hedge funds are per se designed for millionaires, billionaires and the world's biggest institutional investors. Now, as market demand increases, hedge fund strategies seem to have gone retail.
There are many mutual funds in the market that mimic the "alternative" investment strategies used by hedge funds. This is done mainly to attract the 401(k) crowd. And what’s the best thing about these funds? The fact that minimum investments are as low as $500. Since 2003, the number of mutual funds that utilize hedge fund strategies has more than doubled, to 49 from 21, according to experts. Usatoday.com reports:
The proliferation of hedge-fund-like products for the masses is part of a bigger trend. "There seems to be a convergence of what was once considered non-traditional investments with the more traditional strategy" of buying stocks that you think will go up, says Phil Maisano, head of alternative investments at Mellon Asset Management.
Read more: Investors add a bit of hedge fund to portfolio mix
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