TITLE

Soros in a Bottle?

AUTHOR(S)
Schachter, Ken
PUB. DATE
April 2007
SOURCE
Red Herring;4/23/2007, Vol. 4 Issue 15, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24879932

 

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