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The Long View

The North Carolina Retirement Systems’ upcoming $4.5 billion bet on equity strategies isn’t about January or February. Nor is it about last year.

      Janet Cowell: We think hedge funds can reduce risk in the long run (Illustration by Bryan Regan) Equity-focused strategies have lost favor of late as uncertainty and volatility last year made it harder for traditional stock pickers to succeed. A dearth in M&A activity hasn’t helped, as event-driven equity strategies have

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