Abstract
Given the current hype surrounding investing in hedge funds, the author assumes that most investors by now will agree that investing in hedge funds can make sense when viewed not in isolation but in a portfolio context. The next step, therefore, is implementation. Investing in funds of hedge funds has some advantages and some disadvantages. This article looks at the fund of funds industry, and contrasts the advantages with the disadvantages from the investors' point of view.
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Funds of Hedge Funds
