Investors embrace RICs as ‘retail’ asset-gathering wave continues to gain momentum
For the table of SEC-registered FoHFs ranked by master fund launch date, please click here
By Niki Natarajan
As funds of hedge funds continue to be treated as social pariahs in the institutional arena, retail distribution channels and brand-name mutual fund players in the US continue to embrace FoHFs registered with the SEC under the 1940 Act as a vehicle of choice to raise assets now at $20 billion – despite average returns of the RIC universe of -1.93% for the reporting year ending 31 March 2012.
Classic mutual fund players such as