(CNBC) “History will end up repeating itself and we’ll have some geopolitical risk really enter investment portfolios again,” Hayman’s Kyle Bass says. Many hedge fund managers have been under pressure as exchange-traded funds managed by banks develop “smart” investing solutions. “It will be tough for technology to truly disrupt investing in the field of financial advice — and to usurp the role of the traditional wealth manager unilaterally,” MIT finance professor Robert Merton says.
Top Hedge Fund Managers Say We’ll Come Running Back to Them as Stock Market Turmoil Returns
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