Jupiter is unhappy with FSA decision

Fund manager Jupiter has criticised the FSA's decision not to relax rules governing the marketing of hedge funds to retail investors. While most parties agreed with the regulator's decision that hedge funds should not be marketed directly to the retail market, Jupiter fund of funds manager John Chatfeild-Roberts was disappointed that the FSA did not choose to authorise open-ended retail funds of hedge funds. The FSA consultation period began six months ago with the publication of DP16, a discussion paper on the marketing and selling of hedge funds to retail investors, the regulation of ...