Fund of funds shifting to due diligance and diversifying

In an article at The Business Insider, they point out that assets under the management of fund of funds have shrunk only 30%. The Madoff scandal has had its impact in this industry, as many funds of funds poured money into Madoff scheme, often without making that particular investment "strategy" perfectly clear to investors. Alternative investment strategies have also shifted, as many international investors have begun to rebalance their portfolios. For the full story, click here.