Pooled funds may offer investors good value and diversity
Are internal fund of hedge funds a gimmick designed to extract more money from investors or a clever way of gathering diverse funds together to give investors a unique investment opportunity? Sara Utecht and Jamie Wynn-Williams explore the world of internal fund of hedge funds.
An internal fund of hedge funds (FoHF) is a product created by pooling various strategies into a unifying fund of hedge funds open for new investment. This technique essentially creates extra liquidity for the fund manager to play with and at the same time gives access to a new grouping of funds to investors. But is it good value or just a way for fund managers to extract more fees?
Marcos Camhis, head of product development at CMA Global Hedge, believes there are two reasons why this product
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