European investor appetite for niche FoHF offerings growing
Europe's fund of hedge funds industry has suffered AUM declines since 2008 but there are signs of a rising appetite for niche strategies and bespoke mandates. Stenham has launched two niche FoHFs
With the launch of Stenham Credit Opportunities and Stenham Healthcare, the asset manager is bucking a trend by European investors to shun fund of hedge funds (FoHF) products.
Since 2009 there have been no big FoHF launches from the European-based managers. Investors in Europe were particularly dissatisfied with the gating and suspensions of many FoHF products in the aftermath of the financial crisis. Many decided to switch to direct investment in hedge funds or via managed account platforms in
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