HedgeWorld to launch fund supermarket for U.S. investors

HedgeWorld will launch a version of its hedge fund supermarket, FundSelect, for U.S. investors within two months. HedgeWorld, introduced FundSelect, a supermarket for foreign investors to buy offshore hedge funds, in October. In doing so, pioneered an early standard for using the Internet to distribute sophisticated investments (FMA, 9/25/00). Gregory Barrett, executive vp., said HedgeWorld wanted to have FundSelect up and running in foreign markets, where compliance guidelines are often less strict, before making the service available to U.S. investors.

Barrett declined to say which managers will be on the FundSelect platform, citing guidelines restricting information...