FoHF
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Fund of Hedge Funds.
An FoHF constructs an investment portfolio of shares in other hedge funds.
Different FoHFs will have different criteria for selecting investee hedge funds.
An FoHF may invest in a number of investee hedge funds of one type to gain exposure to the type but with a variety of fund managers, or alternatively a wide spread of investee hedge fund types as a different way of spreading exposure.
