SilverStreet positioned to target Fohf consolidation

SilverStreet Capital is positioning itself to take advantage of the widely expected consolidation in...

SilverStreet Capital is positioning itself to take advantage of the widely expected consolidation in the fund of hedge funds business. The London-based fund of hedge funds manager is seeking to acquire rivals with less than $300m under management. Gary Vaughan-Smith, chief executive of SilverStreet Capital, said many smaller funds of hedge funds may not be viable as independent businesses in the current market environment. "When the hedge fund market was growing, they could realistically expect to grow to anywhere between $500m and $1bn in assets within a few years. "However, in an ...