Survey finds fund selection strategies wide-ranging

Just how different the investment strategies of funds of funds (Fof) providers are has been revealed in a wide-ranging survey in MultiManager magazine, sister publication to International Investment. Groups have widely differing views on whether they are generating performance predominantly from asset allocation or fund selection. The survey covered UK-based investment houses with both on- and offshore funds of funds, which themselves invest in both on- and offshore sub-funds. Jason Britton, fund manager at T Bailey Asset Management, believes most returns come from getting asset alloca...