Richard Koppel, managing director at YouDevise, says funds of hedge funds typically receive this information from fund administrators, but often only on a monthly basis, and sometimes several weeks after month-end.
"The data can be quite old, and managers are really flying blind when they are trying to run their fund," Koppel says. "Often the data is only at a very high level, so most funds of hedge funds try to complement it in some way. But it's a complex area to try to build spreadsheets to pr
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