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The 2016 Fund of Funds 50: Profiting Amid the Pain

Dispersion among individual managers was high in 2015, creating clear winners and losers — and making manager selection that much more important for funds-of-funds firms.

  It’s no secret that 2015 was a tough year for hedge funds. After a harsh summer marked by volatility in global markets, some hedge funds produced their worst performance since 2008, contributing to a 1.12 percent decline in Chicago-based data tracker Hedge Fund Research’s HFRI Fund Weighted Composite Index for

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