组合基金试图证明自己的价值。

Funds of funds try to prove their worth.

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用这样的组合不仅能剩去对冲基金手续费，还规避了可能会购买管理失当的基金的风险，例如Amaranth公司，它在九月份损失掉自身价值的65%。

Such portfolios would not only avoid hedge-fund fees, but would also escape the risk of backing a mismanaged fund, such as Amaranth, which lost 65% of its value in September.

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