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How to Beat the S&P 500 by 30 Percentage Points

What Goes Up

CHAPTER

Hedge Funds Are Doing Better Than That

Hedge funds are sort of almost like your insurance policy in a big, broad portfolio. When you're regular equity and even bond portfolios in the crapper this year, well, a good hedge fond will at least get no break even - but with any luck, perform better. Vangard: Manatutes strategy has more diversification bang for the buck than any other hedge fund strategy. It marches to the beat of its own drum.

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