Fund of funds space becoming quite a tough place to play in

The funds of funds space is clearly becoming a tougher place to play in than many of those who launc...

The funds of funds space is clearly becoming a tougher place to play in than many of those who launched into the market a few years ago could have imagined. Artemis' decision to sell its service to Credit Suisse is likely to mark the start of a period of industry consolidation rather than a one-off event. While fund of funds managers often have a high media profile this is very different from having assets under management. Artemis had just £130m, which is a lot more than many other providers competing in the market. Indeed much of that came to Artemis when it purchased the service from Si...