post crisis fund of funds consolidation process has started,
though slower than many observers had predicted - and than some
beleaguered small funds had hoped.
So far, only a small number of savvy firms, including SAIL
Advisors, Cadogan Management and Crestline Investors, have
started to buy beleaguered assets.
There are two reasons for the slow market. Small funds of
funds that have not been hit by fraud or crippling liquidity
profiles are still hoping to sell the brand and firm...