THOMAS A. AYERS, Eric Byrnes
Abstract
This article examines the recent phenomenon of investment advisors' and mutual fund complexes' creation of alternative investment products such as private investment funds. It explores the reasons behind the popularity of these investment vehicles.
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This article examines the recent phenomenon of investment advisors' and mutual fund complexes' creation of alternative investment products such as private investment funds. It explores the reasons behind the popularity of these investment vehicles.
Key concepts: Umbrella fund, Manager of managers fund, Investment fund, Investment (military), Mutual fund, Fund of funds, Finance, Closed-end fund