Launches & Closures

Theta liquidates FoHFs to follow bespoke route

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As the mergers and acquisitions in the funds of hedge funds space accelerate the question is, how small is too small to run a fund of hedge fund business and what are the options to grow assets other than M&A?

It seems that many smaller FoHFs with less than $1 billion in assets are opting to take the bespoke account route rather than be merged into larger entities as part of a land grab for assets. By taking the bespoke route, the groups continue to manage money, select managers and aim to produce performance.

Part of the reason