LONDON (Reuters) – Assets in funds of hedge funds, which let investors tap a suite of portfolios in one hit, climbed by more than $100 billion (54 billion pounds) in the six months to end-June, arise greater than in all of 2005, a survey by the publication InvestHedge said.
Fund of hedge fund assets rose 16 percent to $720 billion, accounting for more than 40 percent of all the assets held in the hedge fund universe, InvestHedge said on Monday.
The entire hedge fund industry now controls about $1.7 trillion, the report said.
Fund of hedge funds have become a popular way for clients such as pension schemes to tap into the sector in recent years.
