Fund of Funds Survey
Survey of Emerging Manager-Focused Fund of Funds
A recent survey of eleven emerging manager-focused fund of funds revealed that managers are bullish on emerging and early stage funds and that respondents are willing to look at smaller funds with less than $50 million under management. Also good news for managers is that all of the respondents said they would consider both veteran and new managers. Here are the main findings of HFN’s survey:
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- 54% of the respondents would consider products with less than 1 year track record
- 100% of the respondents would look at products with less than 50 mm
- 100% of respondents are looking for funds recently formed by veteran management teams as well as “up and coming” manager talent
Click to enlarge image below
