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A couple of interesting names in the sub-advisers. I'm not interested, but it looks like more than just an instance of "Invest with hedge funds!" and then it turns out to be a bunch of completely unheard of managers. The T Rowe Price Global Allocation fund currently has a 7% investment in a Blackstone Hedge Fund-o-Funds (Blackstone Partners Offshore fund.) In any case, I would recommend those still interested wait a while and see how it does first.
Here is a fund that I think has some flair for those interested in private equity. It's A share ticker LPEFX. I have held it for about two years and I am please with its upward movement as it has been one of my better performers in my specality sleeve in the growth area of my portfolio. Below is a report on the fund. Notice, its low p/e ratio. In addition, it holds just about all of the public traded private equity players.
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Here is a fund that I think has some flair for those interested in private equity. It's A share ticker LPEFX. I have held it for about two years and I am please with its upward movement as it has been one of my better performers in my specality sleeve in the growth area of my portfolio. Below is a report on the fund. Notice, its low p/e ratio. In addition, it holds just about all of the public traded private equity players.
http://investing.money.msn.com/investments/mutual-fund-rates/?symbol=lpefx&ocid=qbeb