TIME – It’s part of a gradual change in culture on Wall Street that’s encouraging low costs and long-term thinking. It’s like the INVESTMENT
world’s version of the race between the tortoise and the hare. And the hare is losing its lead.
Hedge funds
, investment pools known for their exotic investment strategies and rich fees, have long been considered one of the raciest investments Wall Street has to offer, with $2.94 trillion invested globally as of the first quarter, according to researcher Hedge Fund Research.
