Barclays clients will be able to access derivatives and swaps on hedge fund strategies via a new platform, according to a report bye Bloomberg.
Anonymous sources familiar with subject are quoted as saying that the bank’s prime brokerage team is working on the project with the aim of initially providing access to a dozen or so hedge funds.
The new platform, which will be in competition with Morgan Stanley’s ALPHAS and Deutsche Bank AG’s dbSelect platforms, will allow Barclay’s clients to profit indirectly from the returns generated by hedge funds, which typically demand high investment commitments from investors.
