The hedge fund bandwagon into '40 Act Country is getting kind of packed.

Reuters' Svea Herbst Bayliss reports that Morgan Creek Capital Management joins Blackstone Group, as a hedge fund investor dipping its toe in the mutual fund business by introducing hedged mutual fund. The Morgan Creek Tactical Allocation fund, run by Mark Yusko, gives investors a sample of big hedge fund names, Herbst Bayliss writes.

Morningstar analyst Nadia Papagiannis was quoted as saying of the new class of funds, "There are problems with most of them."

To read more, click here here and MFWire coverage of the fund here.  

Edited by: Casey Quinlan


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