Hedge funds of funds explained

London-based Deutsche Bank's report on Funds of Hedge Funds, while written with the retail client in mind, gives a clear introduction to the use of multi-manager funds. Published to support a managed fund of hedge funds launch in Germany, it is timely in that most of the current activity in the European hedge fund industry is via funds of funds. The report, written by Deutsche Bank's Martin Fothergill and Carolyn Coke, outlines the investment case for funds of funds and points out that the s