FoHF strong despite £1.5bn Sachs bail out - S&P

The fund ratings firm says the specialist funds still look a good proposition for investors looking for good long-term investment returns without excessive risk. It says funds of hedge funds have generally delivered good positive returns during the first half of the year, with many delivering double digit performance. S&P says the risk associated with a black-box quant hedge fund can be “immense”, but adds the predictions made by black-box models are generally uncorrelated with each other. Therefore, it adds, risk can therefore be reduced significantly by spreading investments across a d...