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Article: THE SMART MONEY IS GOING INTO HEDGE FUNDS, BUT HOW SMART IS IT?
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 31, 2004
- Author:
CopyrightCopyright 2004 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Hedge funds are like the incredibly expensive homes advertised
each Sunday in The New York Times Magazine: They are fascinating,
even if you can never afford one yourself.
Hedge funds are flexible investment vehicles open to institutional
investors and the wealthy. Most require a minimum contribution of
$250,000. But the steep price of admission isn't much of a deterrent.
Hedge funds are super hot at the moment. A record amount of money
is flowing into the funds; new funds are being created all the time;
and the best and brightest money managers are flocking to the
industry, drawn by the possibility of great riches. According to
Alpha, a magazine that reports on hedge funds, 17 hedge fund ...