PT - JOURNAL ARTICLE AU - Martin Fothergill AU - Carolyn Coke TI - Funds of Hedge Funds AID - 10.3905/jai.2001.319006 DP - 2001 Sep 30 TA - The Journal of Alternative Investments PG - 7--16 VI - 4 IP - 2 4099 - https://pm-research.com/content/4/2/7.short 4100 - https://pm-research.com/content/4/2/7.full AB - In addition to the enhanced risk/return profile of funds of hedge funds, there are numerous additional structural benefits to investment in multi-manager hedge funds. This article both reviews the characteristics of various hedge fund strategies and emphasizes the unique structural characteristics of multi-manager hedge funds.