A fund of funds which invests in various non-affiliated hedge funds versus a multi-strategy fund like (AQR) typically provides all of the following benefits for their investors. Please select all that apply.

 

providing lower volatility of investment returns than investing in any one of the underlying funds 

 providing lower investment management fees than an investor investing directly in an individual hedge fund 

 Access to hedge funds which have very high minimum investment amounts

 Due diligence analysis of the underlying hedge funds including criminal, credit, and other analysis and reports