The Hunt to Beat Hedge Funds

(Bloomberg) If investors want to win big in the current market, they need to be prepared to do a lot of work. Otherwise, they might as well just go to Las Vegas and try their luck at the tables.Just consider debt-focused closed-end funds, which have shares that trade daily, pay dividends and use leverage to buy fixed-income securities. They delivered returns of about 9.5 percent on average in less than three months.

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