DrKW offers hedge fund exposure without buying assets

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Interest in covered warrants may move up a notch with news Dresdner Kleinwort Wasserstein is to offer the first tracker certificate in the UK market linked to hedge funds.

The three-year certificate will track the HFRX Global index as the underlying asset, with a minimum trade of one certificate. This offers investors the ability to buy exposure to hedge funds without actually investing in the asset class, with the ability to track pricing on a daily basis. DrKW says the planned launch of the certificates into the market comes as the main HFR indices celebrate their first year in operation, and amid feedback from IFAs for ways to get their clients closer to hedge funds as an asset class. A similar product launched in Switzerland in June this year att...

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