This book is about hedge fund of funds – funds which invest across a range of underlying hedge funds. The aim of the book is to describe what hedge funds of funds do and how they do it, and to give help and advice on assessing and investing with them. As such, it should be of use to anyone who needs to gain a deeper understanding of hedge funds of funds such as the following:
Given that this book describes how a hedge fund of funds assesses underlying hedge funds, those that invest directly into hedge funds themselves may also find this book of use. Also, many hedge fund managers and their marketers, especially those just setting up, tend to find the hedge fund of funds investment process somewhat opaque, and so I would hope that this book may also allow them to get a better understanding of this approach.
The book is split into four parts: