Stop press: funds of funds are back
By Niki Natarajan
The story of 2010 was a story of assets; recovery of performance; and recovery of self confidence. Not only have the best survived the tests of the last few years, but there are already cracks appearing in DIY portfolios. The masses who stampeded towards direct investing should just read the Institutional Letter on page 13.
As the results of the 10th annual InvestHedge Billion Dollar FoHF Survey show (see page 30), with the top 109 FoHF firms now managing $625 billion – with the asset growth of 4.82% mirroring the