Comment on Know What A Hedge Fund Is? Neither Do Most Americans

Know What A Hedge Fund Is? Neither Do Most Americans

At a Forbes editorial meeting earlier this year, I was pitching a story about a little-known industry responsible for keeping hedge funds’ books and records in check. After my schpiel about the false comfort these hedge fund administrators were offering investors, Lewis DVorkin flatly asked me, “Can you easily explain what a hedge fund is?” I couldn’t.

 

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