With about ＄450 billion in assets, hedge funds of funds are the most recent darling of investors. While hedge funds are designed for the very rich and for large institutional investors such as
exchanges and pension funds, and carry high risk for the promise of high returns, Hedge Funds of Funds spread investment among a number of hedge funds and theoretically reduce risk and increase
diversification, while maintaining the potential for higher than average returns. Odds are that some pension fund of yours is invested heavily in these products, and more recently these Funds
of Funds (FOFs) have been opened to more and more individual investors, and over the past 5 years, high net worth individuals and families have become serious investors in these FOFs. Since
this is a new and extremely fast-moving financial phenomenon, academic research has just begun in earnest, and this is the first book to present rigorous academic research by some of the
leading lights in academic finance, carefully analyzing the broad array of issues involved in FOFs.
*With over ＄450 billion in assets, hedge funds of funds are the darling of investors
*This is the first book to present rigorous academic research about funds of funds
*Leading lights in academic finance from around the world analyze the broad array of issues involved
In funds of funds
