FUND OF FUND Schwager Aims To Work His Magic With LSE Listing FINalternatives reports: As politicians and pundits in the U.S. are busy bashing the so-called secretive hedge fund industry, one savvy investment firm across the pond is setting out to prove that hedge funds donât have to be cloaked in mystery. The Market Wizards Fund Limited, a Guernsey-incorporated fund of funds, is gearing up to list on the London Stock Exchange next month, and in preparation for the IPO the firm has retooled its seven-year-old vehicle to make it completely transparent to investors. The new fund has appointed 27 separate trading advisors, all of whom trade exclusively in liquid assets that can be priced daily, such as equities, derivatives, forex, futures and options. According to Hopkins, the new structure for the Market Wizards Fund will make it an even more liquid, transparent and safe investment than the existing fund, and it is aimed at those investors who want to trade regularly but donât want to be hampered by a discount to net asset value. The fund is being managed by New York-based Jack Schwager, a well-known hedge fund industry veteran who penned a best-selling book back in 1989, also called Market Wizards. But while Schwager is located in the U.S., the revamped Market Wizards Fund is not open to stateside investors just yet.