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Vault Message Board: Investment Management

Topic Name: Fund of funds??
Message Name: What exactly are they?
Date Posted: 03/20/2002
Message: A neighbor of mine runs what she calls a "Hedge Fund Consultancy Shop," but I have also heard it referred to as a "Fund of funds." I also know she has spoken at numerous conferences on alternative invesment strategies, etc. She recently told my Dad that she can offer me a position as a due dilligence analyst (I am currently an unsatisfied consultant), but she would not give him a strict outline of what that would entail. I believe it is an excellent opportunity, but I am not sure. Can anyone offer some insight into what they might do exactly, and what that position might entail? Also what are the long-term opportunities such a position would offer. I want to appear at least like I know what the hell it's all about when we get together for an informal interview.

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