FOF’s respond to Swenson’s “evaluation” of their business Jan29

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After a miserable 2008, the last thing FOF’s needed was David Swenson, CIO of the Yale endowment, one of the most respected endowment chiefs referring to them as,  “Fund of funds are a cancer on the institutional-investor world. they facilitate the flow of ignorant capital.” After poor performance and the miserable Mr. Madoff, Swenson’s comments

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