“Reports of my death have been greatly exaggerated” – Mark Twain.
Turns out that may not be the case when it comes to fund of hedge funds in light of this week’s news that the Investment Management Corporation of Ontario (IMCO) is the latest to reallocate its fund of fund capital to managers directly.
As we shared in a recent conversation with Reuters, we have observed this transition for years, noting and supporting allocators’ empowerment to bring research in-house and directly control their investments.