HedgeWeek – The fund of hedge fund business is strong and is regaining momentum and America is leading the way, says Dixon Boardman, founder of Optima Fund Management.
Boardman cites figures from Hedge Fund Intelligence noting that in 2012 North American firms saw assets grow by an average of some 3.47 per cent while non-US firms had continued to register significant outflows.
Optima, founded in 1988, is celebrating its 25th anniversary with assets under management breaking through USD4bn. He emphasises, however, that the profile of today’s investors in FoHFs has altered significantly over the years.
“The most obvious change is that the business has come to be dominated by institutional investors whereas at the outset, the focus was mainly on the high net-worth sector,” he says.