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| Topic: |
Business
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| Number of pages / Number of words: |
19 / 5252 |
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In the mid 1950's other funds started using the short-selling of shares, although for the majority of these funds the hedging of market risk was not central to their investment strategy. In 1966, an article in Fortune magazine about a "hedge fund" run by a certain A. W. Jones shocked the investment community...
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In 1966, an article in Fortune magazine about a "hedge fund" run by a certain A. W. Jones shocked the investment community. Apparently, the fund had outperformed all the mutual funds of its time, even after accounting for a hefty 20% incentive fee. This is because the rate of return was higher on the hedge fund versus all other mutual funds...
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