Fidelity [profile] is now giving its retail clients access to the hedge fund world.

According to the Wall Street Journal, the Boston Behemoth is marketing a mutual fund, launched in partnership with Arden Asset Management, that has made investments with nine managers, including Chilton Investment Co., Jana Partners and York Capital Management.

The paper reported that the mutual fund opened for business last week with more than $700 million from Fidelity.

The move to make the new fund available to Fidelity clients marks the latest effort by a hedge-fund specialist to mine the sprawling retail market for assets, according to the Journal.

Read more about the move in the Wall Street Journal. 

Edited by: Tommy Fernandez


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