Another Reason to Be Wary of Hedge Funds
Lynn O'Shaughnessy explains why the recent Amaranth disaster is just another reason to be very wary of hedge funds.
"Evidence points overwhelmingly to the conclusion that active management of assets fails to produce satisfactory results for individual investors... Index funds provide a clearly superior alternative." -- David F. Swensen, Yale University, Chief Investment Officer
Lynn O'Shaughnessy explains why the recent Amaranth disaster is just another reason to be very wary of hedge funds.
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