Talkback: FSA opens stable door with hedge fund consultation

In an interesting twist on locking the stable door after the horse has bolted, the Financial Service...

In an interesting twist on locking the stable door after the horse has bolted, the Financial Services Authority seems to have decided to open another one instead. It has published a new consultation paper aimed at speeding through the authorisation of “wider-range retail investment products” (that’s funds of hedge funds to you and me), just five years after its original discussion paper on authorising hedge funds. In the time since the FSA began pondering the authorisation of hedge funds, the market has taken upon itself to meet the demand for such products. But while the wheels of go...