Product Demand Remains Institutional, Little Traction with Retail Investors In this FRC Vision, FRC explores the issues surrounding recent product development and distribution of registered hedge funds as well as the obstacles that will need to be overcome in order for these products to gain traction with retail investors in the semi-affluent and affluent market segments. For general product issues related to registered hedge funds, please see the 2004 FRC Vision report "Approaching the Registered Hedge Fund Decision."