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Ted Seides – A Deep Dive into Hedge Funds - [Invest Like the Best, EP.07]
Invest Like the Best with Patrick O'Shaughnessy
Hedge Funds - Is There a Paradox of Skill?
Hedge funds add value on a gross basis, but it's being paid away in fees. The required ray to return on a hedge from portfolio has just gone down and down and down. So we've got lower and lower relative skill that costs more and more because of these industry dynamics.
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