05.10.2006 Other Voices: Fund of hedge funds: Asset allocators or performance chasers?
Gustaf Bradshaw gustafbradshaw@bigfoot.com writes in IAI (INSTITUTIONAL ALTERNATIVE INVESTMENT, contact: Simon Osborn, osborn@ifiglobal.com), reprinted with permission.

Several standard reasons are typically given for using a fund of hedge funds manager when investors begin considering allocating to this alternative asset class. For example, the opaque nature of the hedge fund marketplace

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