The fund of hedge funds sector continues to evolve amid changing investor preferences and market dynamics.

While the industry has changed significantly in the last decade, funds of hedge funds remain popular for investors seeking diversified hedge fund exposure with professional oversight. 

The Citco group of companies (Citco), which currently administers $164bn of fund of hedge fund assets globally, has witnessed a number of key trends taking centre stage in 2025, which we explore in a new report.