Despite painful outflows and changing investor preferences, the majority of funds of hedge funds (FoHFs) are finding ways to grow assets and revenues.
A recent survey of FoHFs conducted by BNY Mellon and Casey Quirk Associates, released exclusively to Hedge Funds Review, offers some intriguing insights into the industry’s growth prospects.
The bad news is FoHFs are still losing assets, with withdrawals in 2012 totalling $41.5 billion compared with inflows of only $30 billion. The reasons are clear
- Regulators to scrutinise CCP default auctions
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Sefs, Libor fallbacks and risk governance in Asia
- VAR surges, revenues tank at French banks hurt by volatility
- A rush on Libor fallbacks to head off holdouts