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Hedge Fund Holdouts
Suspicious of returns, balking at fees and fearing a meltdown, many leading pension funds and non profits remain skeptical of hedge funds.
When Robert Maynard hears investors boast about making a killing in hedge funds, he's reminded of gamblers coming back from Las Vegas. "You only hear about people who have won," says Maynard, 52, chief investment officer of the $8.7 billion Public Employee Retirement System of Idaho. "You don't hear about the
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