Funds Of Funds Hit Hard by Economic Downturn
Wednesday, March 11, 2009 : PermalinkCNBC – Hedge funds of funds, the middlemen that pension funds and endowments often use to create alternative portfolios, lost roughly one-third of their assets last year, according to new data released Tuesday.
The industry’s largest funds of funds, managing more than $1 billion, now jointly control $744 billion in assets, according to industry publication InvestHedge.
Tags: 1-billion, assets, cnbc, endowments, industry publication, middlemen, pension-funds, portfolios
trackback from your site.
