Friday, 22 August 2014
Last updated 4 min ago
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."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note