Although mutual funds are supposed to be the investment choice of the masses, many of these companies are increasingly looking to building up their high-net-worth clientele by offering hedge funds and other private investment pools with minimum investments of $1 million, the Boston Business Journal reports.

Firms that have jumped into this game include Fidelity Investments, MFS Investment Management, Wellington Management, Pioneer Investment Management, Putnam Investments, State Street Corp., Eaton Vance and Evergreen Investments.

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