Lyxor’s U.S. chief Lionel Erdely: Why funds of funds have a future

The message? No more magicians.

March 31, 2011

Lionel Erdely: Managed accounts cannot completely mitigate all of the risk of investing in hedge funds (Photographs by Chris Clinton)

While the fund-of-funds industry has been shrinking, Lyxor Asset Management is having a growth spurt.

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