Major US investors beginning to apply what they’ve learned from funds of funds
| Jun 1st, 2010 | Filed under: Institutional Investing, Today's Post | By: Alpha Male |
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In a story published on its website at the beginning of last month, Pensions & Investments reported that the lines between investment consultants and funds of hedge funds was blurring. The article reads:
“Sources said institutional investors value the advice they’re getting from fund-of-funds firms because it springs from a deeper understanding and day-to-day experience than general investment management consultants generally have.”
To be sure, “knowledge transfer” has always been a key plank in the funds of funds platform. But P&I noted that:
“…institutional investors are becoming much more explicit about the “non-investment alpha” services they expect their managers to provide…”
But while the investment consulting industry was firing on all cylinders in 2009 (see related post), the funds of funds sector continues to face headwinds. This, according to P&I data released this week.
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