问题
单项选择题
Compared to investment in a single hedge fund and a fund of fund, the latter will most likely result in a decrease in:（）
A. diversification.
B. expected return.
C. management fees.
答案
参考答案：B
解析：
Compared to investing in a single hedge fund, the increased diversification resulting from an investment in a fund of funds reduces risk but also reduces expected return.