Perspective: Look before you leap: Navigating through hedge fund implementation choices

With an estimated $1.2 to $1.5 trillion in hedge fund assets under management in at least 8,000 funds, new strategies and structures have emerged, making investment choices more complex than ever. Each hedge fund structure -- single manager, fund-of-funds, and multi-strategy -- and implementation option -- separate accounts, commingled vehicles, and transparent platforms -- offers different pros and cons. This Perspective identifies the ideal characteristics to use in choosing among different structures and the key questions to consider in developing an implementation strategy.  (Perspective, 16 Oct 2006, 1 page)

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