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Wells Fargo's Cheap Hedge Fund

Pine River Capital Management Helps Mom and Pop to Invest

After years of courting only the super-wealthy, Pine River Capital Management is among the latest big-name funds to crack its doors to private clients with look-alike products known as liquid alternative funds.
As a $14.8 billion hedge fund with a reputation for savvy mortgage trades and a record of double-digit returns, Pine River Capital Management has long signed up multi-billion-dollar pension and sovereign wealth funds as investors.
Now the exclusive hedge fund is making some of its strategies available to Main Street investors who've been warned that bets on stocks and bonds may not see them through retirement. For as little as $1,000, they can include hedge funds in their nest eggs.
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.
"Sub-advising portfolios in the (mutual fund) space is a new and diversified source of capital for a firm like ours," said Brian Taylor, who founded Pine River with $350,000 of his retirement money in 2002. "Like anything new, we are taking a measured approach, but we believe it could be a growing part of our business over time."
Source: Business Insider

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