(Reuters) Hedge funds have struggled of late to keep up their reputation as the sports cars of the investment world, often overtaken in the race for returns by the public buses of portfolios, index funds. But the proverbial Ferraris of investing – paid big to beat the market or protect from its gyrations – have so far shown little sign of curtailing their lavish spending on compensation, offices and employee perks.
Hedge Funds Slow to Adjust Champagne Tastes to Beer Budgets
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