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Sink or swim: Funds of funds face investor demands

To survive these days, funds of funds have to meet investors’ needs for customized accounts, risk management & even advise on investing directly in hedge funds.

By Anastasia Donde Illustration by Joe McLaren While many funds of funds have lost assets since the 2008 market crisis, Blackstone Alternative Asset Management has soared to the top of the heap. It has done so by offering clients products that might even hurt its growth, such as advising them

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