Panel session: Survival of the biggest: The way of M&A?
Mon Nov 5, 2012
Is M&A the inevitable key to the success of hedge fund/FoHF businesses?
Back to InvestHedge Forum 2012 home page
In the latest InvestHedge Billion Dollar FoHF Club Survey, when asked what would govern the industry in the next five years, 61% of funds of funds said they believed consolidation would be the driver; yet when asked individually as a firm how their firms were going to grow, 76% said they would grow organically. There is clearly a disconnect between perception and reality.
That said, M&A is gathering pace; in the past 18 months, more than 20 FoHF deals have been announced – with at least seven in 2012, including Franklin Templeton’s recent acquisition of K2 Advisors.
As the largest FoHFs are gathering assets at a faster pace – unsurprising when large investors need to put large sums to work – does this environment leave...
The full contents of this article are available to active InvestHedge subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to InvestHedge.
Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.