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Problem 26-6 With respect to hedge fund investing, the net return to an investor in a fund of funds would be lower than that earned

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Problem 26-6 With respect to hedge fund investing, the net return to an investor in a fund of funds would be lower than that earned from an individual hedge fund because of the extra layer of fees and the higher liquidity offered. for no reason; funds of funds earn returns that are equal to those of individual hedge funds. because of the extra layer of fees only

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