Is it safe now to look to the future?
March 02, 2010
Janus, commonly depicted with two faces, is the Roman god of gates and doors: one face looking behind and the other looking towards what lies ahead
Janus, commonly depicted with two faces, is the Roman god of gates and doors: one face looking behind and the other looking towards what lies ahead. In this role, Janus can contemplate the happenings of an old year while looking forward to the new. The InvestHedge Billion Dollar Club, as well as the final nominations for the InvestHedge Awards, show that 2009 was pivotal for funds of funds in terms of assets and performance.
Despite losing nearly $72 billion of assets in 2009, the industry actually grew in the second half of the year. Performance picked up and ended the year at an average of 9.21%. The asset outflow of $95 billion in the first half of the year has clearly stalled and indeed turned around - with 50% of the world's 114 largest funds of funds showing positive...
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