By Christine Idzelis
Canterbury Consulting is setting up a fund of hedge funds for its clients, signaling that appetite remains for an area of asset management that has struggled to attract investors over the past decade.
The firm announced Friday that it is working with EnTrustPermal to launch a bespoke pool of hedge funds next month. Canterbury sees investment demand from endowments and foundations with median assets of about $100 million to $110 million, according to Debashis Chowdhury, the firm’s president.