Hedge fund enthusiasm is a concern

Hedge funds are all the rage but look increasingly as if they are going to be the unit trust industry's answer to with-profits and life policies. Everything Autif and the major investment groups have highlighted as wrong with life and pensions could be said about the alternative investment strategies that are now mushrooming. Do any of the following sound familiar: high fees, complex or opaque charging structures, and an industry run by and on behalf of professionals rather than for the end user? These are all areas where the unit trust industry has taken the moral high ground wh...