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Interview With Andrew Lo: Masters in Business (Audio)

Masters in Business

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ETFs and the Muppets

Retail investors should and want to get access to hedge fund strategies. But certain kinds of hedge fund strategies carry with them very subtle risks that retail investors are not a position to be able to evaluate. The criticism that I've seen about the ETF hedge funds, some people have described them as Muppets. There's no free lunch as the old adage goes; you've got to take the good with the bad.

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