| 20.04.2005 Other Voices: Kevin A. Pollack - The challenge for survival within the FOF Industry |
| The FOF industry is becoming more saturated and competitive than ever before. There is tremendous pressure on small FOFs to reach at least $1B in AUM. As is discussed below, given current industry trends the overwhelming majority of small FOFs appear unlikely to reach anywhere close to $1B in AUM. Consequently, small FOFs are advised to assess their strategic options. In contrast, FOFs with |