Article: Hedge fund to court rich through advisers: Rydex wants intermediaries to sell investment.

Hedge fund investing has moved a step closer to the moderately wealthy.

Rydex Funds in Rockville, Md., last week filed with the Securities and Exchange Commission to offer a registered hedge fund of funds pegged to the Standard & Poor's Hedge Fund Index.

"We want to help investors access the alternative-investments space in a very efficient manner," says Rydex chief investment officer Michael Byrum.

"We intend to help our clients realize how this [hedge fund index] will impact the overall asset allocation mix."

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According to the SEC filing, the new fund -- Rydex Capital Partners SPhinX Fund -- is designed for ...

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