MAS guidelines on retail hedge funds 'useless'

New MAS guidelines allowing hedge funds to be sold to the public may prove to be of little use in the domestic market, according to one consultant.

Newly-issued guidelines by the Monetary Authority of Singapore MAS governing offerings of hedge funds to the public will have little or no effect on broadening investment choices for the retail market says a consultant in the asset management industry.

Hedge fund managers have no interest in the retail market, says Peter Douglas, principal at asset management consultancy GFIA, based in Singapore. Hedge funds are typically small business which do not have the infrastructure suitable to support...

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