Source: Barclay Hedge
Just one stupid question: Why are Funds of Funds lagging so damn much to all the rest? I would guess they should be somewhere in the middle! Got any answers???
Would be great if you could include the S&P 500 in this to see what you are actually getting in a period where all assets seem to be doing well.
MichaelGER- my guess (just that... a guess) is that fund of funds don't invest in a lot of fund strategies, but a lot of funds with the same strategy. By the looks of it... a lot of market neutral funds.