The sea change in attitudes over recent years towards hedge funds has been remarkable. Only a couple of years ago, general opinion was that hedge funds were the preserve of the super wealthy, but today hedge funds are enjoying unprecedented growth and are one of the fastest growing sectors in asset management. Funds of hedge funds, in particular, are really moving into the mainstream as can be seen by the percentage of hedge fund assets managed by fund of funds managers - currently approximately 40% according to Hedge Funds Review.
More recently industry commentators have been asking whether the returns seen by hedge funds are sustainable They are, after all, simply...
