What is the equivalent of a CTA in the UK? Does it exist at all or do they call themselves hedge funds? Do you have to be registered to manage your family- in a broad sense- money?
Hedge fund is a catch all denomination, does that mean that in the UK, funds which trade exclusively commodities are not distinguished from those which may trade individual stocks? How many of those commodity funds operate in the UK?
Hedge Fund is a very artificial term, referring to any kind of unregulated investment vehicle. There are of course hedge funds out there that do nothing but invest in commodities (but then how do you define commodities??).
I am loathe to put responses on the board here, as it reflects my (and my lawyer/accountant's) view of the regulations. PM me with an email address and I will gladly share my research. BTW some of the rules have changed since some of the earlier posts. Do also bear in mind the tax side of things as well.