Investment Adviser, August 23rd, 2004
The past few years have seen a proliferation in the number of managers of managers and funds of funds. According to the Association of Multi-Manager Investing, institutional multi-managed assets grew by 50 per cent from AGBP10bn to AGBP15bn in the UK over 2003. But, taking a step back, what does all this mean? And can manager of managers and multi-managers add value? First, let's get to grip with the definitions.
Manager of managers and multi-managers are essentially one and the same. There is no universal definition that separates them, so the names are often used interchangeably. Both of ...
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