RT Journal Article
SR Electronic
T1 The Alpha in Funds of Hedge Funds
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 8
OP 25
DO 10.3905/jwm.2002.320430
VO 5
IS 1
A1 Alexander M. Ineichen
YR 2002
UL https://pm-research.com/content/5/1/8.abstract
AB All hedge funds are not created equal. A poorly chosen portfolio of hedge funds can produce disappointing results. All fund of funds managers are not created equal, either. A poor choice of fund of funds managers can yield disappointing results. This article is designed to outline the value proposition of a fund of hedge funds operation. The conclusion is that funds of funds add value primarily through manager selection.