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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (7555)	3/9/2005 8:10:33 PM
From: StockDung	Read Replies (1) \| Respond to of 12465

Clinton lends name to retail hedge fund >By David Wighton in New York >Published: March 9 2005 22:14 \| Last updated: March 9 2005 22:14 >> Bill Clinton is lending his name to efforts by an Austrian company to bring “hedge funds” to the US retail investor. One of the former president's first public appearances following his planned chest operation this week will be at the launch of a retail investment centre on New York's Fifth Avenue by Superfund Asset Management. The opening of the office, believed to be the first of its kind in the US, is an attempt to tap the growing retail demand for products previously the preserve of wealthy investors. The minimum investment in the company's funds is just $5,000, while many hedge funds require $1m or more. Mr Clinton is due to give a speech on the global economy at the launch on March 30. Christian Baha, 36, founder of the company, formerly known as Quadriga Asset Management, said: “As governor of Arkansas, President Clinton paved the way for more liberalisation and social justice. It is our goal as well to give people with a lower income the opportunity to benefit from successful investment models with double-digit returns.” The company, which claims to be the world's biggest provider of managed futures funds to private investors, has been at the forefront of attempts to bring hedge fund-type products to a wider audience in spite of regulatory concerns. The Securities and Exchange Commission forced it to drop the term “hedge funds” when it launched its managed futures funds in the US. Managed futures funds, which invest in a wide range of commodity and financial markets, are commonly viewed as a style of hedge fund and the company uses the term hedge fund in Europe. According to its website, the company's two US funds have returned 52 per cent and 82 per cent after fees since their start in November 2002. > >