TY - JOUR T1 - Direct Investing in Hedge Funds versus Fund of Hedge Funds Products JF - Special Issues SP - 118 LP - 123 VL - 2002 IS - 1 AU - E. Lee Hennessee AU - Charles J. Gradante Y1 - 2002/09/21 UR - https://pm-research.com/content/2002/1/118.abstract N2 - Investing in hedge funds through a public fund of funds or directly investing (i.e. a private fund of funds) are the two core alternatives for investing in the booming hedge fund market. Each has its own advantages and disadvantages and is structured very differently from one another. Which investment strategy is most suitable for the size of your hedge fund allocation and most appropriate for your investment guidelines is the question all investors must answer. ER -