Fund of Funds
From TBLI Knowledge Base
A "fund of funds" (FoF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as multi-manager investment.
There are different types of 'fund of funds', each investing in a different type of collective investment scheme (typically one type per FoF), eg. 'mutual fund' FoF, hedge fund FoF, private equity FoF or investment trust FoF.[1]
A more detailed description including the types of FoF's and deeper links can be found on the wikipedia page for Fund of Funds, referenced below.
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