Which of the following statements regarding funds of hedge funds is FALSE? O a. Funds of hedge funds tend to have less risk than individual hedge Fund strategies. O b. Funds of hedge funds are best categorized as opportunistic trading strategies. O c. Funds of hedge funds typically do not add additional leverage to the portfolio. O d. The specialized fee schedule of funds of hedge funds makes them cheaper for investors than individual hedge fund strategies. Which of the following hedge fund strategy is betting one sector of the economy will outperform other sectors O a. arbitrage O b. divergence O c. relative value O d market neutral O e. directional