FUND OF FUNDS SUBSTRATEGIESFUND OF FUNDS RETURNS 1990–2002FUND OF FUNDS VOLATILITY 1990–2002FUND OF FUNDS RETURN VERSUS VOLATILITY 1990–2002FUND OF FUNDS RISK-ADJUSTED RETURNS—THE SHARPE RATIOPRESERVATION OF CAPITAL 1990–2002AVERAGE PERFORMANCE DURING NEGATIVE PERIODS AND POSITIVE PERIODS 1990–2002SUMMARY