Charles Gubert of www.cooconnect.com opined funds of hedge funds (FoHFs) need to respond to investors requests for managed accounts, liquidity and transparency. Last month, Preqin, a hedge fund industry research firm, said that 40% of institutions would invest directly into hedge funds instead of using the FoHF vehicle. Another trend seen in the FoHF universe is the offering of specialty strategies to accommodate a new investment thesis.
So far in 2011 FoHFs have underperformed hedge funds - 0.66% versus 1.92% according to HFRI indices.
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