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The dumbest ideas of the hedge fund boom
A flood of money led managers into private equity & multistrategy funds, while those hoping to imitate hedge funds' success shopped portable alpha, replicators & 130/30s.
By Neil O'Hara Photographs by Fredrik Broden With even legendary hedge fund managers struggling to raise capital, and returns once again taking a beating, it may be hard to remember when there was too much money chasing hedge funds. The crash of 2008 ended all that, as hedge funds lost a third
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