Trusts do not have intuitive commercial uses. Trusts developed as a mechanism to protect private wealth from everything from despotic monarchs to spousal claims; they did not develop to assist in the raising or combination of capital for business ends.
Institutions that invest in alternatives such as private equity and real estate are increasingly opting to deal directly with specialist fund managers rather than via funds of funds.
Many hedge fund strategies made positive returns in January yet only one managed to beat the S&P 500, researchers found.
Funds of ETFs look set to be the next innovation in the exchange-traded products space. Stefanie Eschenbacher takes a closer look at how these 'active-passive' funds may challenge traditional funds of funds.
Managers of non-listed real estate funds are likely to feel increased pressure to reduce management fees, according to a recent survey by Inrev.
Funds of funds in the UK had their highest share of total funds under management on record at the end of the third quarter, according to the Investment Management Association.
