Reuters- Managers of funds of hedge funds are finding good investment opportunities in strategies that fill the gap left by banks hamstrung by the credit crisis, according to S&P Fund Services.
Funds that invest in a basket of hedge funds are increasingly attracted to funds that can lend directly to small and medium-sized businesses, as banks, under pressure from the credit crisis and asset writedowns, leave a growing hole in the market, director of fund research Randal Goldsmith told Reuters.
