IA recognizes a fund of funds (FoF) is more than the sum of its parts and faces unique challenges. It requires a risk service that provides specialized tools and aggregates different pieces of data from many sources into consolidated reports. Investor Analytics does exactly this every day for some of the largest funds of funds. In order to be truly useful, portfolio management systems need to be able to handle different data types, frequencies, and levels of transparency. Whatever the issue, IA has dealt with it. An added benefit to FoF managers is the ability to evaluate potential manager investments. Our reports reflect the most up-to-date information available about each manager and about the entire fund.