Sunday, 3 May 2015
Last updated 2 days 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…