David Swensen on Funds, Distressed Securities and Investing [View article]
I completely disagree with Swenson. Building a fund of funds portfolio is very similar to building a portfolio of stocks, with the main purpose being to reduce idiosyncratic risk. They perform due diligence on the funds just like someone would do for a stock.
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I completely disagree with Swenson. Building a fund of funds portfolio is very similar to building a portfolio of stocks, with the main purpose being to reduce idiosyncratic risk. They perform due diligence on the funds just like someone would do for a stock.
Jan 15 09:52 am
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