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Opalesque Exclusive: French hedge fund allocations up to EUR 26.5 billion AUM in the French mutual fund sector rose by E1.026 billion on 30th June 07, a quarterly of rise of 4.1%, Boursorama.com reported. This was principally due to treasury funds. Equity funds’ AUM also rose by E 13.1 billion, despite net outflows of E 3.5 billion (international equity funds and sector funds were the main ones affected). Hedge funds have also had some success these last 3 months. Investors have allocated over E 2.7 billion to hedge funds, and the sector’s AUM rose by E 3.6 billion to E 26.5 billion.

UK awaits retail access to funds of hedge funds From the FT: The UK regulator shook things up a few months back when it proposed the introduction of regulated funds of hedge fundsthat would give small investors easier access to hedge fund strategies. But thus far the good news that private investors received from the Financial Services Authority in March has not had much impact on hedge fund inflows.

Managers have shown little interest in marketing directly to the public to attract small sums of cash from a large number of investors, advisers say.And it is institutional investors such as pension funds and insurance companies that still appear most interested in hedge funds. The Bank of New York predicts that institutional demand for hedge funds will soar from $360bn (€261bn, £176bn) to more than $1,000bn by 2010.

UK retail investors can only invest in offshor......................

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