That´s a really good story !!! Ha, ha, ha... Bloomberg : http://www.bloomberg.com/apps/news?...irUI&refer=home
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.