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Free online PDF editor that allows you to draw onto your PDF files, add text , highlight passages and add watermarks . Edit your PDF online and for free . The fund of funds is a hedge fund that invests in other hedge funds These portfolios offer several advantages over investment directly in hedge funds First, the funds of funds diversify the returns and reduce the volatility of performance Second, the fund of funds manager investigates the funds it invests in and may be able to reduce the chance of losses to fraud or mismanagement The fund of funds manager may also be able to identify funds likely to have superior performance Most funds of funds are skilled marketing organizations Not surprisingly, the composition of funds of funds tends to migrate toward the popular hedge fund strategies A small number of fund of funds managers make forward-looking asset allocations, based on internal forecasts of pro tability of various strategies Other fund of funds managers emphasize diversi cation strongly and are less likely to overweight particular strategies. edit pdf metadata online PDF Editor - Download
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