Reuters – Sovereign wealth funds and pension funds are backing start-up or small hedge funds again, said FRM Capital Advisors, bucking a trend seen since the credit crisis for clients to favour the perceived safety of big funds.
Patric de Gentile-Williams, chief operating officer of hedge fund seeding specialist FRM, said his portfolios have raised a net $70 million (£47.8 million) so far this year — after raising “very little” in 2009 — and he expects further commitments.
