A growth industry

Hedge funds represent a lot more nowadays than the exotic investment of the past. Hedge funds offer a respectable investment area that must be considered by the prudent investor. The trend among investors seeking hedge funds is to move towards a fund of fund structure. The movement by larger schemes towards single funds reflects, given their greater resources, an increased knowledge enabling them to invest directly without the help of funds of hedge funds. For the mid-sized scheme though, funds of hedge funds offer the most realistic route into hedge funds on an opportunity cost basis, es...