Hedge funds have rightly gained the attention of private andinstitutional investors in recent years, proving themselves asuseful portfolio diversifiers and preservers of wealth whilegreatly dispelling their reputation as an "unsafe" investment. Yetinvestors attempting to navigate in the field of hedge funds facesignificant challenges: the large number of funds, the diversity ofstrategies used, the range of financial instruments traded, and thevarious formats for investing.

Pooling multiple hedge funds together into one vehicle, the fund offunds provides a ready solution, combining professional managementexpertise with asset allocation. In this book--the first of itskind--industry expert Joseph Nicholas shows investors how thesefunds operate, the benefits and risks, and the criteria and duediligence to utilize when selecting funds. Nicholas provides anin-depth analysis of historical fund performance and offers uniqueinsight into the industry and trends that may affect itsevolution.

Clear, insightful, and illustrated with numerous charts and graphs, Hedge Fund of Funds Investing is an essential resource forserious investors.