The global assets of absolute return fund of funds using the
UCITS wrapper increased by more than 17% in the second half of
2010, according to new research from the Absolute UCITS
research and data team.
This rate of increase indicates that this multi-manager
segment of the industry is not growing at the same pace as the
underlying single-manager sector, which would appear to show
that assets are coming into the industry at a fast rate via
direct allocations from end-investors rather than via the FoF
By the start of 2011 there were 48 UCITS FoFs with a total of
$3.8 billion assets under...