The article compares the performance of different types of investment funds, focusing on funds of hedge funds. It explores whether funds of funds have an advantage due to easier access to information about hedge fund managers. The researchers use Data Envelopment Analysis to measure efficiency in fund performance, considering the impact of skewness in fund returns. They find that Single-Strategy Funds of Hedge Funds are less efficient compared to Managed Futures and Hedge Funds, while Multi-Strategy Funds of Hedge Funds maintain their efficiency level.