| 21.11.2005 Opalesque Exclusive: The metrics of successful hedge fund and FoF acquisitions |
| Matthias Knab reports from the GAIM Invest FoF conference in Geneva:
Kevin Pakenham, Putnam Lovell NBF Securities, said 2004 was a record year for alternative manager transactions. Nineteen hedge-fund and fund-of-hedge-fund managers were acquired in 2004 representing approximately $40 billion in client assets In a much noted transaction earlier in 2005, Legg Mason acquired about 80 percent of |