(Reuters) In a disappointing year for hedge funds, a few big winners shared a perhaps surprising trait: actually hedging.Funds who placed a broad array of bets produced some of the strongest gains, beating star managers like Bill Ackman, David Einhorn and Larry Robbins who invested more narrowly and ended 2015 with steep losses.Those who took a more conservative approach – often using large teams to further diversify investments – posted some of the strongest gains.
Caution, teamwork trumped bravado for some hedge funds in 2015
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