Dirty Wall Street Secret: Hedge Funds of Funds Barely Beat T-Bill Returns

FoF sucks, nothing new under the sun: you pay fees on top of other fees for returns that are hardly spectacular...there's no such thing as a free lunch...
 
I guess this a a Holly Grail.

Open fund, invest 90% in S&P or funf of funds, and try to get few extra points with the remaning 10.
 
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