Five of the 25 largest hedge funds-of-funds managers either have changed their ownership structure or will in the first quarter of 2013. Large multiasset-class money managers are interested in investing in hedge funds-of-funds firms to round out their investment lineup. "Hedge funds of funds are a good solution for traditional money managers that need to add alternative investment capabilities," said Franklin H. Kettle, managing director of Colchester Partners.

Related Summaries