Financial Times – Barclays Capital and Signet Capital Management have launched a bond linked to the performance of a portfolio of hedge funds, capitalising on escalating interest in such non-traditional investments.
Unusually for a hedge fund-related investment, the bond will pay regular income, and investors’ principals will be largely protected. Barclays Capital also will provide daily liquidity, helping them avoid the three-month wait often associated with exiting hedge funds.
