FOHF need good performance to prove value, says Gems
November 12, 2010
The proliferation of UCITS hedge funds is growing which is creating opportunities for fund of hedge funds who want to use the wrapper, according to Miguel Abadi from Gems Advisors.
The chief executive of London-based Gems was responding to report published by KdK Asset Management which stated that UCITS hedge fund of funds were likely to see “explosive growth” in assets under management and number of funds (see earlier story).
Abadi adds that managers of funds of funds are seeking absolute returns not just through hedge funds but through other investment vehicles.
He says: “Because this is a new space, growth so far has not been enormous. It has the capacity to grow, however,...
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