Sociology explains changing role of funds of funds
| Aug 22nd, 2010 | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post | By: Alpha Male |
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The rise and (oft reported) fall of funds of funds have been a fundamental trend in the hedge fund industry over the past few years. So fundamental, in fact, that sociologists have now taken notice. A recent academic paper by Edward Smith of the University of Chicago examines the birth and recent travails of the funds of funds industry through a sociological filter.
Smith argues that by acting as a buffer between end investors and hedge funds, funds of funds have facilitated the growth of unique, idiosyncratic hedge funds – the funds that many point to as the life blood of the hedge fund industry.
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