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Class Review: Fund of Funds Faltering
Funds of hedge funds in 2008 didn’t fulfill their promise of strong performance in exchange for the fees they charge to access a stable of top-quality hedge funds, which, of course, charge their own fees.
Funds of hedge funds in 2008 didn’t fulfill their promise of strong performance in exchange for the fees they charge to access a stable of top-quality hedge funds, which, of course, charge their own fees. It was a brutal year for underlying hedge funds, to be sure. The HFRI fund
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