FoHFs – shrinking without trace?
Funds of hedge funds are struggling to attract investment more than the funds they invest in
Funds of hedge funds (FoHFs) account for 28.25% of the hedge fund industry's asset base (figure 2) compared with year-end 2008 assets under management (AUM) of about half all hedge fund assets. Since then, the ratio of FoHF AUM to hedge fund AUM has risen in only one quarter – Q3 2014. Cumulatively, the fund of hedge funds industry has experienced net investor redemptions of -$382.67 billion since the end of 2008.
Total FoHF assets under management stood at $841.57 billion at the end of Q1 2016
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