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Hedge Fund Performance: How Good Has It Been?
The financial media have focused heavily on the hedge fund industry for the last decade or so, and like many obsessions, it has distorted both the good and the bad. Because hedge funds do not have to resister with the Securities and Exchange Commission (SEC), there have been a number of well-publicized frauds by hedge fund investment managers and promoters. On the other side of the coin, there has been an abundance of stories touting the fabulous returns that certain hedge fund managers have achieved for themselves and their investors. As with most things, the truth is usually somewhere in the middle, ...
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