Sounds like team spirit


While ever more institutional investors migrate down the curve of fund selection and consider putting together their own inhouse fund of hedge funds, those doing it already for a living caution that it may not be as easy as it seems.

The pension and other institutional investors who have made direct investments in hedge funds are familiar names - the Scandinavian and Dutch pension funds, for example, and CalPERS in the US, to name but a few.

There are many aspects to putting together a good

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