'Me too' funds are less common in the hedge fund world, but they do exist. The experience of the fun...
'Me too' funds are less common in the hedge fund world, but they do exist. The experience of the fund of funds manager is a key consideration because often the underlying funds are obscure and unknown to the average investor. Getting details on all holdings is nigh on impossible, because revealing such data could be detrimental to overall performance. While the sector is still relatively young, there are FoHF managers with experience of the $4.6bn collapse of Long Term Capital Management in 1998. This was an important lesson for managers and reinforced the need for risk control and a divers...
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