The Alpha in Fund of Hedge Funds Do Fund of Hedge Funds Managers Add Value?
نویسندگان
چکیده
All hedge funds are not created equal. A poorly chosen portfolio of hedge funds can produce disappointing results. All fund of funds managers are not created equal, either. A poor choice of fund of funds managers can yield disappointing results. This article is designed to outline the value proposition of a fund of hedge funds operation. We conclude that fund of funds add value primarily through manager selection.
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