So you don't buy a hedge fund, you buy a "structured note, " whose return is tied to an index of hedge funds.

FORBES: Don't Call It Interest

For example, for the 18-mo period ending July 2001the MSCI Emerging Total Return Index was -36.4%, MSCI Emerging Price Index was -38.6%, and the structured note therefore was -28.6%.

FORBES: Structured Notes Buyers Be Warned

Like Fidelity, they will be structured as funds-of-funds, investing mostly in Vanguard domestic and international stock index funds, bonds, REITs and commodities.

FORBES: Nest Egg Tapping