There’s always an alternative

For some time there has been appetite for making hedge funds available at a retail level. The “route to retail” for this breed of fund has many barriers. Now, new investment powers for non-UCITS retail schemes (NURS) will allow Funds of Alternative Investment Funds (FAIF) to emerge. These schemes will be able to invest far more liberally in hedge funds yet still market to retail customers. In this article, Emma Radmore and Dominic Gilmore of Denton Wilde Sapte look at the current regime and the proposals for change.

What types of retail schemes operate in the UK?

Collective Investment Schemes (CIS) available to the retail market are regulated at a European and UK level.