Investing in multi-strategy hedge funds. Multi-strats have their uses, but for investors who are concerned about catastrophic loss, multi-strats are no solution.
Investing in funds of hedge funds. Like it or not, this will be the prudent strategy for many investors, and will be a useful core strategy even for those who will build satellite exposures through individual hedge funds.
Gregory Curtis is managing director and chairman of Greycourt & Co. Inc., a leading provider of financial advisory services to wealthy families and select endowments.