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Read MoreHedge funds are a force for good but mum and dad investors should steer well clear. That is the view of one of the word's academic experts on hedge funds, NYU Stern School of Business Professor Stephen Brown.
Read MoreIn recent years, mainstream investors have increasingly embraced long-short equity mutual funds. Fund launches only began to accelerate in the aftermath of the financial crisis, so investors’ collective experience with these funds has been largely acquired during an equities bull market.
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