CHAPTER 38
Funds of Hedge Funds
At the end of 2011, Hedge Fund Research reported that all 2,001 funds of funds (FoFs) managed $629.6 billion, while 7,552 single-manager funds controlled $2,008.1 billion. With FoFs controlling 31% of all hedge fund assets under management (AUM), they are significant allocators into underlying hedge funds.
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