traderdaily.com - 12/16/2008
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The fund-of-hedge-funds industry needed the Bernard Madoff scandal like a hole in the head.
Already reeling from the financial crisis, assets under management fell from $826 billion at the end of June to $685 billion by the end of October, according to Hedge Fund Research.
The fact that ...
online.wsj.com - 12/16/2008
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online.wsj.com —
The fund-of-hedge-funds industry needed the Bernard Madoff scandal
like a hole in the head. Already reeling from...
the financial crisis, assets under management fell from $826 billion at the end of June to $685 billion by the end of October, according ...
(more)
Funds of Funds' Madoff Problem
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Funds of Funds in a Funk
Emini Addict —
... as a means of diversification has been undermined by poor results. In the year leading up to the end of October, the average FOF was down 19% -- worse than the average single-manager hedge fund, which was down 17.7%. Diversification has proved little use in a crisis where asset classes have tended to correlate. Losses have often been amplified by the effects of leverage, plus extra layers of fees. Investors must pay steep FOF charges as well as those on underlying funds. Trader Daily � Funds of Funds in a Funk ...
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