How to start a fund of hedge funds
The growth in the fund of hedge funds business shows no signs of abating. The 'billion dollar club' of 60 groups with over $1 billion of assets saw assets surge by 14% in the first half of 2002, showing that despite the market turmoil hedge funds are still in demand.
Administrators Survey 2002
The primary conclusion from this first ever comprehensive survey of the business of administering the assets of European hedge funds is that the industry is due for consolidation. Today, 70 firms are competing for business from European hedge funds, which is an extraordinary level of fragmentation.