A better alternative?

Investible indices vs funds of funds

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Most institutional and individual investors who place money with hedge funds seek to diversify across a range of them.

The chosen path to diversified access to the hedge fund asset class is through hedge funds of funds. However, slightly less expensive, slightly more diversified products - investible hedge fund indices - have now presented an alternative route.

Investible hedge fund indices are constructed in a passive manner, similar to equity indices, but with the constituents being hedge f

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