NDF Administration and Credit Suisse First Boston have launched the Protected Hedge Growth Plan. It claims to be the first hedge fund-linked product to offer UK retail investors 100% capital protection. This will be achieved through the purchase of securities issued by four banks with a credit rating of A or better. At the end of the six year investment term they are expected to pay an amount equal to the initial investment.
The Plan will also invest in a range of independent hedge funds usi