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Hedge Funds - How Do They Work?
Hedge funds are highly unregulated, no real central data base. We sat between these big investors and their large institutions. Are also smaller individuals, but really we catered to the large institutions. And then they would come to us and say, we have half a billion dollars to deploy. This is what the rest of our general asidocation looks like. can you build us a portfolio of hedge funds? Can you go find them, diligence them, put a portfolio together that matches that risk, return and liquidity profile and then monitor it for us, and then in exchange, will pay you fee.