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A fund of funds is a portfolio of investment funds rather than direct investments in stocks, bonds or other financial instruments.
A fund of £12.5m was set aside for the purpose.
500 versus a fund of funds.
"It [Wentworth] has a fund of €5m.
The business is a fund of funds.
Wendy carries a fund of sadness within her.
Similar(9)
A fund-of-funds manager typically puts between five and 20 hedge funds, sometimes more, into a basket.
Mr. Busson is chairman of EIM, a fund-of-funds company he set up in 1991.
And it has a fund-of-funds business, which invests in other private-equity firms.
When Beacon Hill, a Boston-based hedge fund, went under, says a fund-of-funds manager, "it amazed us how many funds of funds were invested in it".
Those costs turned the net return of a fund-of-funds investor into a loss of 2.3% in the first half.
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