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Is Quant The Future Of Funds Of Hedge Funds?

It is not news that the fund of hedge fund space has been hit hard by poor returns and falling assets. The question now is how will the industry adapt and survive to an increasingly hostile investor market where high fees and low performance are no longer tolerated. To put it in context, assets in the fund of hedge fund sector have dropped 35% from $1,195bn in 2008 to $768bn last year, according to data from Preqin. It has prompted a number of managers to shut up shop, but those surviving have had to adapt. One of the approaches bringing about a...