New York Daily News -Hedge funds may be all the rage with rich folks, but their skyhigh minimum investments leave ordinary investors out in the cold.
But a growing number of mutual funds that invest like hedge funds are allowing small investors to play Wall Street like the super rich. Although such funds aren’t new, more are popping up. They offer portfolio diversification similar to hedge funds, but with lower fees, more regulation and daily liquidity and pricing.
“You don’t need $1 million any more to invest in hedge funds,” said Andrew Clark, a researcher for fund-tracking giant Lipper.
The minimum investments for hedge-like funds could be as low as $1,000, Clark said. Investors get exposure to hedge fund strategies, although mutual funds likely use much less leverage  meaning less risk and, perhaps, less upside potential  than a typical hedge fund would.
