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So what is happening in the FoHF space now? In one study, over the last year a representative cross section of FoHFs from continental Europe, the UK and North America showed an increase of 56% on an AUM weighted basis to July of this year and 62% on an equal weighted basis. The bulk of the growth in their AUM (85%) came from inflows of institutional investor money, with the rest made up of HNW inflows and performance gain over the period. So are FoHFs dead? The real picture is summed up in the statement once made by Mark Twain “I regret to inform that the news of my untimely death has been greatly exaggerated”..

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