– The environment for hedge fund seeders has changed dramatically over the last 12 months
– There are now fewer seeders in the market
– Even established funds are looking for seed capital after redemptions have hit their funds
– Some start ups have suffered as their original seeders have withdrawn from the market
– Investors are more stringent than ever before on issues such as corporate governance, use of third party administrators and transparency

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  As if everyone’s database wasn’t already in tatters.  Today comes news of the expected consolidation wave that will roll-up the Swiss FOF industry.   In an article in Hedgeworld/Reuters, Martin de Sa’Pinto commented that the “you can get there from here” nature of the compensation structure will compell FOFs into one another’s arms.  

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