Everything Alternative Investors Never Thought to Ask

One Step Ahead by Timothy Spangler is a hedge fund guide with more questions than answers.

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Last month, in a New Yorker story explaining how the Jumpstart Our Business Startups Act will lift the 80-year ban on marketing private investment funds, Timothy Spangler, a lawyer, professor and blogger, compared alternative funds — and/or the people to run them — to creatures that suck blood and hide from daylight.

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