Responding to competitive pressure, several leading banks are offering access to sophisticated hedge funds-which can take short as well as long positions in securities-to their well-heeled customers.

For fear of risk, banks used to keep clear of hedge funds and other so- called alternative investments, which include venture capital funds, private equity funds, and managed futures funds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.