Chapter 29

Funds of Hedge Funds and the Principles of Fiduciary Investing Following the Global Financial Crisis

Paul U. Ali, Melbourne University Law School, Melbourne, Australia

Chapter Outline

29.1 Introduction

29.2 The Principles of Fiduciary Investing

29.3 Prudent Investing

29.4 Investing in FoHFs

29.4.1 Structural Factors

29.4.2 Diversification Factors

Conclusion

Acknowledgments

References

29.1 Introduction

Funds of hedge funds (FoHFs) are an increasingly common way for institutional investors as well as high-net-worth individuals to access the hedge fund sector. Unsurprisingly, there have been renewed calls in the wake of the global financial crisis to subject the hedge fund sector to greater regulatory scrutiny, but this has not undermined ...

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