Wednesday, January 14, 2009

Why do fund of funds exist?

Clusterstock recently asked Why do Fund of Funds exist? The article states that it's evident that due diligence by fund of funds is not occurring, which is evident due to the recent unveiling of the Madoff scheme. Fund of funds really can't go through the books of these hedge funds, they simply aren't allowed. Fund of funds are simply selling access to these hedge funds.

What do you think?

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