Barron’s had an article over the weekend called Attack of the Hedge Fund Clones. The concept has grown in terms of AUM and proliferation of funds. ETF provider IndexIQ was early to market in the ETP space and now there are a lot of funds offering some version of absolute return or hedge fund replication. There have also been plenty of traditional mutual funds that have come into the space.
And the link, I hope you can check it out.