Soros in a Bottle?

Schachter, Ken
April 2007
Red Herring;4/23/2007, Vol. 4 Issue 15, p15
Trade Publication
The article focuses on the launch of several hedge funds and similar financial products in the U.S. Many companies like Goldman Sachs & Co., Merrill Lynch & Co. Inc., and JPMorgan Chase & Co., have rolled out tools to replicate hedge fund-style performance without the standard fees, which typically amount to 2 percent of assets and 20 percent of gains. IndexIQ Inc. based in Rye Brook, New York is negotiating with partners to create mutual funds that clone hedge fund performance, and it is also looking at creating exchange-traded funds. According to Charles Gradante, managing principal of Hennessee Group, though investors may get diversification via new asset classes and strategies, their returns may be low.


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