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Gumshoe Gains

The University of Colorado Foundation digs deep into its hedge funds, and that due diligience is paying off.

When it comes to investing in hedge funds, Christopher Bittman leaves nothing to chance. As chief investment officer of the University of Colorado Foundation, Bittman hires private investigators to do extensive background checks on prospective managers for the endowment. "At the end of the day, you're hiring people," says Bittman,

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