Pine River Capital Management has reportedly made some of its strategies available to Main Street investors.
According to Reuters, the hedge fund firm has warned investors that bet on stocks and bonds may not see them through retirement.
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Interested investors have to make a minimum investment of $1,000 to include hedge funds in their portfolio, according to the news agency.
Brian Taylor, who founded Pine River in 2002, said: "Sub-advising portfolios in the (mutual fund) space is a new and diversified source of capital for a firm like ours.
"Like anything new, we are taking a measured approach, but we believe it could be a growing part of our business over time," Reuters quoted Taylor as saying.
As one of seven firms managing money in Wells Fargo’s new Alternative Strategies fund, Pine River is among the latest big-name funds to crack its doors to private clients with look-alike products known as liquid alternative funds after years of courting only the super-wealthy.
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