Funds of funds industry must evolve alongside institutions, says Landle

The future of the fund of hedge funds industry is being shaped by the entrance of institutions into the market, according to Jeff Landle, chief investment officer at HBV Alternative Advisors. They are demanding a different style of management with greater transparency and less risk and hedge fund managers must evolve to survive, he told an audience at the Alternative Investment Summit in London last month. The fund of funds industry has seen huge growth in recent years and is no longer a cottage industry. The increasing entrance of institutions with large sums to invest in the busi...