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Re:How a Gang of Hedge Funders Strip-Mined Kentucky’s Public... by mruts on Monday October 22, 2018 @12:05PM (#18275835)
The promise of hedge funds (the original one at least) is that they provide bond-like volatility with equity-like returns.

Of course, hedge funds nowadays are just defined by a compensation scheme (2 and 20, though today more like 1.5 and 15).

Hedge funds are exactly the kind of investments that pension funds should have.

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