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Dominique Mielle on Luck and Resilience in Finance

Masters in Business

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The Pre-Financial Crisis and the Outperformance of Hedge Funds

The pre-financial crisis outperformance didn't really seem to follow. What is it that changed that led so many funds to no longer perform the way they were? Well, size is certainly one and I think probably the biggest one but also if you think about all those competitive advantages that we had in the beginning, they were taken away from us or competed away.

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