(Business Insider) What is a hedge fund anyway? The August market swings made it clear that question is getting harder to answer.Broadly, hedge fund managers are meant to be experts at controlling risk and generating profits, no matter what the market is doing. For this they are paid handsomely. But the last week of August, which saw the most volatile stock market since the financial crisis, showed that in the short run, it doesn’t always work that way.
Everyone Is Asking The Wrong Question About Hedge Fund Performance
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