Fund of funds sector is expanding rapidly

Fund of funds is one of the fastest growing sectors in the asset management industry. Asset management companies are queuing up to enter the market, the most recent being Jupiter and Credit Suisse, while within the past few months, ABN Amro purchased Singer & Friedlander's tailored portfolio service. However, the fund of funds concept has been around for some time. So what has changed that makes this the area of business that everyone suddenly wants to be in? Companies are having to find alternative ways of protecting their earnings streams, according to Gary Potter, joint head of mult...