Earlier this month, I presented an introduction to hedge funds. Today, CNN is reporting that hedge fund managers want to repair their image among the investing public.

In an attempt to do so, some mutual fund companies are set to bring hedge-like funds to everyday investors. One such fund is the DB Hedge Strategies Fund. This fund will charge a 1.95 percent annual fee and a 0.25 percent administrative fee. That's less than some actively managed mutual funds, but still pretty pricey. The minimum to invest is $50,000.

Rydex offers a fund of hedge funds, an index that follows the S&P's Hedge Fund Index the same way other index funds follow the S&P 500. Take a look at their tables; the difference in performance between the "with load" and "without load" is big.

The CNN article goes on to list some others while warning readers of the risks.

This post was brought to you by Consumerism Commentary. Click here to view and add comments.mortgage calculator