Fund of Funds (FOF) is a pooled investment vehicle in which capital commitments are allocated to several funds with different strategies.
What is fund of funds?
Fund of Funds (FOF) refers to a pooled investment vehicle in which capital commitments from investors are allocated to a predetermined number of funds with different strategies. How Does a Fund of Funds Work?
What are the different types of fund of funds (FOF)?
There are different types of FOF, each investing in a different type of collective investment scheme (typically one type per FOF), for example a mutual fund FOF, a hedge fund FOF, a private-equity FOF, or an investment trust FOF. The original Fund of Funds was created by Bernie Cornfeld in 1962.