Retail audience holds the hedge fund key

The best managers have shut their open-ended funds - which the world’s largest investors typically used to invest - but the door remains ajar at the closed ended investment trusts that invest in the capped funds. That is the somewhat indirect path retail investors typically use to get access.   Having such prized access puts paid to the idea that retail investors could never gain access to the hedge fund industry’s most talented managers. If you have spare tenner you can buy shares in trusts with money in closed funds such as CQS ABS and Directional Opportunities, Bluecrest Capital Manage...