The article "Hedge Funds Of Funds: A Guide for Investors" provides an introduction to hedge funds and hedge funds of funds, explaining their strategies, benefits, and risks. It discusses the growth of hedge funds and compares investing directly in hedge funds versus through a hedge fund of funds. The second part of the article delves into the core functions, investment process, and risk management of hedge funds of funds. Key findings include the different strategies used by hedge funds, the role of hedge fund of funds managers, and the processes involved in selecting and monitoring hedge fund investments.