A Capital Guide to Funds of Funds
Funds of hedge funds (FOFs) have become popular investment vehicles for institutional investors and wealthy individuals alike who want exposure to hedge funds but lack the necessary platforms or resources to understand complicated hedge fund strategies, conduct thorough due diligence, perform meaningful risk management, and other operational and administrative activities. These additional skills provided by FOFs seemingly justify an additional layer of fees on top of the fees already charged by underlying hedge fund managers that includes management fees ranging ...