By Lydia Tomkiw

Fund of funds clients remain focused on fees and it’s the largest managers that have the ability to keep fees competitive – creating a challenging environment for smaller players, says Stuart Blair, director of research at Canterbury Consulting.

“[I’m] not surprised to continue to see consolidation in the fund of funds space. The returns have been challenged, as we know,” he says. “There are also investors who want a more bespoke or custom solution, and you don’t get that from an off the shelf fund.”

Read the full article here. (login required)