Alternatives to alternative investing

Harry Kat of London's Cass Business School says he has found a way to give investors hedge fund-type exposure but without the hassle of alternative investing. John Ferry reports

Harry Kat is on a mission to revolutionise investing as we know it. The professor of risk management at London's Cass Business School and former head of European equity derivatives at Bank of America says he has come up with a way to give investors hedge fund-type risk and return on their money, as well as the diversification benefits of alternative investing, through trading liquid cash and futures markets. "We've spent a couple of years developing and testing this technology and the next step