Your Best Hedge Could Be A Bundle Of Funds

Hedge funds have always been the domain of the rich and sophisticated investor. Not only is information about these private investment partnerships hard to come by, but most funds are also limited to "accredited" investors--with a net worth exceeding $1 million. And many funds employ risky strategies while demanding minimum initial investments of $1 million or more. But a fund of hedge funds lets an investor with less money, or lower risk tolerance, enter this rarefied world.

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