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Hedge Funds Still Winning While Losing
The industry continues to attract assets despite years of underwhelming returns. Will the tide finally turn against them--or have investors just lowered their expectations?
Illustration by Sebastien ThibaultHedge fund returns have been largely lousy for a long time. Take the third quarter of 2015, when the funds lost 3.9 percent, according to Chicago–based industry tracker Hedge Fund Research. Some investors apparently were fed up, redeeming $42.3 billion in assets during the quarter, according to
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