If Hedge Funds Are Lagging, Why Do They Have So Much Money?
Stacks of U.S. one-dollar bills are arranged for a photograph in New York. (Photographer: Scott Eells/Bloomberg)

If Hedge Funds Are Lagging, Why Do They Have So Much Money?

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(Bloomberg Opinion) -- By now it’s no secret that equity hedge funds have had a horrible decade. The real surprise is that a record $955 billion was invested in those funds at the end of September ...
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