(Daily Alts)North America-based funds-of-hedge-funds (“FoHFs”) underperformed their counterparts in Europe and Asia in 2015, but still managed to grow their asset base, even as European and Asia-Pacific funds saw their assets decline. These were the main findings of Preqin’s “Fund of Hedge Funds Outlook,” the featured article from the March 2016 Hedge Fund Spotlight, which reports that North America-based FoHFs saw their assets grow by $9 billion in 2015, continuing a streak of asset growth that dates back to 2011. Europe- and Asia-based FoHFs, by contrast, saw their AUM decline by enough to sink the global total by $12 billion.
Fund-of-Hedge-Fund Assets Grow in U.S. But Shrink Abroad
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