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The Innovators’ Solutions: Clifford Asness, Leda Braga, John Burbank III, Neil Chriss and Alec Litowitz

Five of today's leading hedge fund managers talk about how innovation is reshaping their industry.

Innovation has played an important role in the hedge fund industry since onetime journalist Alfred Winslow Jones came up with the novel idea, more than 60 years ago, of combining two speculative investment tools — leverage and short-selling — to create a conservative strategy. A skilled statistician with a Ph.D.

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