Although boring, you really should understand the basics of fund structure before you buy into them, mostly because you're going to be charged various fees depending on that structure. (invest-faq.com)
We believe they are a superior fund structure for most portfolios and most investors. (etfconsultants.com)
Here's an example: I did not invest in a hedge fund structured note, with a guarantee from the AA insurer who was pushing it. (alephblog.com)