| John Maynard Keynes, the curmudgeonly economist, once said "The difficulty lies not so much in developing new ideas as in escaping from old ones…" One of the more intriguing "new ideas" to hit the mutual fund industry over last few years has been their adoption of hedge fund strategies. These "alternative" mutual funds hold out the promise of delivering hedge fund-like returns, without the high fees, to the retail investor.
Firms like UBS, Goldman Sachs and hedge fund giant AQR have opened numerous mutual funds offering small clients access to esoteric strategies like 'tactical macro' or ' statistical arbitrage' and derivatives trading. ..............................................Full Article: Source
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