FSA proposes changes to investment in FoHFs

The Financial Services Authority (FSA) is planning to consult on plans to allow retail investors to invest directly into hedge funds, says Callum McCarthy, chairman of the regulatory body. McCarthy said, in a speech on hedge fund regulation, the FSA would look at the extent to which retail investors should be allowed to invest directly into hedge funds, compared to indirect investments via pension funds or asset managers. He said: "It has long been accepted that high net worth individuals, who are expected to be able to look after their own interests, should be able to do so. "And, under...