Raising capital and attracting suitable investors is often one of the key determinants of the success of a fund of funds. Firms will set up their sales, marketing and investor relations efforts in different ways, usually according to size, even if these three functions are separate. Despite this, there are standards that should always be maintained - FoHF products must not be misleadingly solicited and all clients must be treated fairly.
Providing accurate and timely reports is an important aspect of any portfolio manager's fiduciary obligation to its clients. The portfolio manager should accurately collate both quantitative and qualitative