The future of funds of hedge funds

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People have been lamenting the demise of funds of hedge funds for some time now, as the concept seems to be losing appeal with every passing year. So what is the future? Increasingly, these funds are looking to retail investors. More are seeking mutual fund regulatory status to accomplish this tricky transition. The retail "hedge fund mutual fund" trend has been underway for years, but the funds of funds are just now seeing the potential. Article