[Verse 1] There's a world of hedge funds waiting to explore Complex structures built on legal shores Master-feeder splits the money flow Offshore master where the profits go Domestic feeder brings investors in Tax efficient structures help them win [Chorus] Fund of funds diversify the risk away Master-feeder splits in legal way Side pockets hold the illiquid dreams Gates control the exit streams These are hedge fund operations Built on smart foundations [Verse 2] Fund of funds takes your investment cash Spreads it wide to avoid a crash Multiple managers get a piece Diversification brings you peace But double fees can eat your gains Two layers mean the cost remains [Chorus] Fund of funds diversify the risk away Master-feeder splits in legal way Side pockets hold the illiquid dreams Gates control the exit streams These are hedge fund operations Built on smart foundations [Bridge] When liquidity runs dry and assets freeze Side pockets separate with such ease Illiquid holdings go in their own space While liquid assets keep their pace Gates can close when redemptions flood Protecting all investors' blood [Verse 3] High water marks protect the fee You only pay on profits you see Hurdle rates set minimum return Before performance fees you'll earn Lock-up periods keep money in Long enough for funds to win [Chorus] Fund of funds diversify the risk away Master-feeder splits in legal way Side pockets hold the illiquid dreams Gates control the exit streams These are hedge fund operations Built on smart foundations [Outro] Understanding structures helps you grow In the hedge fund world you need to know Operations matter more than you think They're the crucial missing link
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