Towers Watson Says Fund Of Hedge Funds Interest Rises

Mar 7 2011 | 10:53am ET

Investors are rediscovering their appetite for funds of hedge funds, according to consultancy Towers Watson.

The firm said it put 41% of its clients' hedge fund allocations into the asset class last year, a total of US$1.8 billion. In 2009, the firm invested just US$300 million in funds of funds on behalf of clients.

Towers Watson invested in funds of funds 39 times last year, 30% more often than in 2009.

"Clients still have an appetite to invest with hedge funds, but not all of our clients have the skill set to be comfortable investing in hedge funds directly," Towers Watson's Craig Stevenson said. "Most of our clients are low- to mid-governance, and so it is better to gain access to hedge funds through funds of funds."


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note