Analyzing a hedge fund will help you determine whether it's a good investment and a good fit. :
Thinking about buying into a hedge fund? Once a hedge fund has been chosen for further evaluation, the first step in the due diligence process is the information-gathering phase. Information can be obtained from the hedge fund manager or third-party sources, depending on the type of information and the required level of detail. (See also: Taking a Look Behind Hedge Funds.)