Barclays Builds Platform to Let Clients Bet on Hedge Funds
- Bank will allow clients to buy swaps on hedge fund returns
- Morgan Stanley and Deutsche Bank already offer similar service
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Barclays Plc is building a platform to give clients the chance to profit indirectly from hedge funds, catering to growing demand for alternative investments.
The bank’s prime brokerage team is working on the project that will provide derivatives and swaps on hedge fund strategies, according to people with knowledge of the matter. The initiative, which is at an early stage, will provide access to more than a dozen hedge funds initially, said the people, who asked not to be identified because the details are private.