Hedge funds: 50% off!

A growing trend in the European hedge fund industry is that of high street names launching alternative investment products. Abbey National is in the process of launching three hedge funds under the name of Talorcan and other financial institutions are following suit. However, as Jacob Schmidt of Allenbridge Hedgeinfo, the hedge fund ratings group, pointed out recently, new entrants are offering funds with significantly discounted fees, from as little as a 0.75% annual management fee rather than