Funds of Hedge Funds Mergers & Acquisitions / Joint Ventures

Integrated is first of new consolidation wave


As the hedge fund industry starts to count the cost of 2008, many believe that consolidation is inevitable. A number of funds of funds will either merge or shut down due to the impact of the loss of assets that occurred across the entire industry for a number of reasons, including but not solely due to exposure to Madoff.

Integrated Asset Management, which is listed on AIM in London, is among the first of the expected raft of sales. The firm, founded by Emanuel Arbib, is planning to sell the majority of its fund of hedge funds business