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Funds of funds confront the risk in their portfolios
Concentrating on concentration. The lessons of 2008 have moved concerns about liquidity and diversification to the forefront of funds of funds' thinking.
February 1, 2010
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By Eric Uhlfelder The combination of undistinguished performance and questionable due diligence has kept a number of fund of funds managers busy trying to figure out what went wrong with the supposedly sensible concept of melding multiple fund strategies into one. Funds of funds

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