Investors get specialised in their allocation to US fund managers

Funds of hedge funds are increasingly seeking US hedge fund managers focusing on specific market sectors

Fund of hedge fund managers are increasingly analysing and investing in US sector-specialist hedge funds as the fortunes of the various stock-market sectors continue to diverge.

Fund of fund manager ABS Investment Management has a couple of US generalists in its offshore fund of funds, but has added specialists recently to its mix, notably experts in financial stocks, industrials and commodity-related/cyclical stocks. Its exposure to US shares is around 35%.

"We may not necessarily be bullish or

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