Beleaguered fund of hedge funds are under more pressure than ever from investors and competitors alike to provide value, after what was a painful 18 months for the sector. Ian Morley, director of consultants Wentworth Hall, has spoken to Financial News about the challenges facing funds of hedge funds and what they can do to ensure survival.

Morley also sits on the board of software provider Infonic, which today published a report outlining the biggest challenges facing the fund of hedge funds sector. These are listed below together with Morley's advice for funds going forward.