Whether FoF could be classified as a strategy
Strictly speaking, FoF presents a separate class of assets rather than a trading strategy. These are funds that invest in other hedge funds. Most often FoF portfolios are not restricted to any specific hedge fund categories but take broad positions across the board.
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Quant KB » Due Diligence» Hedge Fund Strategies
Quant KB » Due Diligence» Hedge Fund Strategies