"If you can nail that type of investing, there are great rewards for it," one former portfolio manager said.

The core idea behind a fund-of-funds strategy is that by combining various hedge fund strategies into a single portfolio, investors can achieve higher returns with less risk compared with ...

Hedge funds increased their exposure to equities last week, but returns were mixed as losses on short positions offset gains on the long side, according to Goldman Sachs’ latest prime brokerage report ...