Investor perception of the global fund of funds market was dented following the events of 2008. Poor performance and
exposure to fraudulent vehicles left many institutions disillusioned with the multi-manager industry. However, since this
time funds of funds have worked hard to regain investor trust and to evolve their business into a new model to win the
appeal of the institutional community. Preqin’s Hedge Fund Investor Profi les database contains profi les for 249 European
fund of hedge funds managers and here we use this extensive data to analyze trends in the industry and evaluate
prospects for the remainder of 2012.