Smart Money: If you don't know who the patsy is, you're the patsy
Many Happy Returns
Investing in Hedge Funds
Hedge funds are no longer just one strategy but a whole ecosystem and strategies. Popular ones at the moment are macro hedge funds which did very well betting that bond prices would fall over the course of last year. Risk parities another popular one where what you do is combine assets such that they contribute an equal amount of risk to your portfolio.
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