The fund of hedge funds (FoHF) industry is in a brutally Darwinian, survival of the fittest stage of its development. FoHF assets have fallen nearly 20% from their peak in 2007 and consistent hedge fund returns are increasingly hard to find. The environment is reshaping business models and FoHFs that lack the agility and flexibility to respond are falling by the wayside.
A closer look at Goldman Sachs Asset Management’s (Gsam) FoHF business reveals an organisation that is continually evolving an
The week on Risk.net, December 9–15 2017Receive this by email