Bell Rock glossary
Fund of Funds
A fund that invests primarily in other funds rather than directly in securities, providing diversified manager exposure.
A fund of funds allocates capital across a portfolio of underlying funds rather than investing directly in securities, giving investors diversified exposure to multiple managers and strategies through a single vehicle. It raises particular operational considerations around underlying-fund due diligence, liquidity matching between the feeder and its investments, and valuation, and is regulated in Cayman according to whether it is open-ended or closed-ended.
Related guidance
Limited Partnership Agreement · Limited Partner
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