Tuesday, 1 December 2015
Last updated 10 hours 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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…