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One-stop shops rule the multi-fund high street

Single hedge fund managers are gaining ground in the multi-fund arena, traditionally the preserve of fund of funds managers

When London’s Camden Council Pension Fund made its first foray into hedge funds last year, its shortlist pitched funds of funds managers Aurum Funds, Blackstone and Prisma Capital Partners against single managers BlueCrest Capital Management and Brevan Howard Asset Management.

Camden selected BlueCrest to run a £50m mandate in its AllBlue fund, which invests across BlueCrest's internal fund range.

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