By Lydia Tomkiw
Funds of funds still have appeal, especially for smaller allocators that want access to the hedge fund space and want to build out their portfolios, says Stuart Blair, director of research at Canterbury Consulting. Clients are focused on performance and fees, but most remain happy with the access funds of funds are providing them, he says.
“The silver lining? I think you could see fees coming down in the fund of funds space as they feel more and more competitive pressures as clients redeem from them. There may be something to capitalize on there,” he says.
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