Not much of a surprise to me, but apparently a lot of folks still think that Hedge Funds have some kind of magical money making power that also provides downside risk in market downturns.
Actually, come to think of it, Hedge Funds do provide these benefits -- to their managers.
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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