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M*: Long-Short Equity Fees Ate Your Alpha

FYI: Many long-short equity managers have stock-picking skill, but not enough to clear their high fee hurdles.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=842118

M*: Long-Short Equity Fund Returns:
http://news.morningstar.com/fund-category-returns/long-short-equity/$FOCA$LO.aspx
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