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Article: Hedge fund to court rich through advisers: Rydex wants intermediaries to sell investment.
- Article from:
- Investment News
- Article date:
- January 27, 2003
- Author:
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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