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M*: Hedge Funds Look Slightly Better This Year

FYI: Hedge funds fascinate me, as they are simultaneously a major business--at last report, 25 members of the Forbes 400 list of wealthiest Americans made their fortunes running hedge funds--and a cottage industry. Because their reporting requirements are almost nonexistent, hedge funds operate in near secrecy. Their reputations owe as much to whispers as to their accomplishments.
Regards,
Ted
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