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What is the danger in using a Fund-of-Fund (FoF) structure? a) The FoF structure does not incentivize individual (i.e., constituent) fund managers to take investment

What is the danger in using a Fund-of-Fund (FoF) structure?

a) The FoF structure does not incentivize individual (i.e., constituent) fund managers to take investment risk.

b) Investors could lose access to certain funds.

c) Investors could lose money and still pay performance-based fees.

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